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Deutsche Bank plans trigger performance notes tied to Vanguard FTSE EM
By Marisa Wong
Madison, Wis., Sept. 4 – Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due Sept. 30, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 115% to 125% of any fund gain. The exact participation rate will be set at pricing.
If the fund finishes at or above the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 25190A401.
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