Deutsche Bank plans trigger performance securities on Vanguard FTSE EM

By Marisa Wong

Madison, Wis., July 6 – Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due July 31, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 127% to 137% of the ETF return. The exact participation rate will be set at pricing.

If the ETF return is zero or negative and the ETF’s final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout will be par.

If the final share price is less than the trigger price, investors will be fully exposed to the decline in the ETF from its initial share price.

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

The notes will price on July 28 and settle on July 31.

The Cusip number is 25190J303.

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