Deutsche Bank plans trigger performance notes tied to Vanguard FTSE EM

By Toni Weeks

San Luis Obispo, Calif., April 3 - Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due April 30, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 115% to 125% of the fund return, with the exact participation rate to be determined at pricing.

Investors will receive par if the fund falls by up to 40% and will be fully exposed to losses from the initial level if it falls more than 40%.

The notes (Cusip: 25155Q821) are expected to price April 25 and settle April 30.

Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.

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