Deutsche Bank to price call warrants on three exchange-traded funds

By Tali Rackner

Norfolk, Va., Jan. 27 – Deutsche Bank AG, London Branch plans to price call warrants expiring Feb. 1, 2018 linked to an equally weighted basket of three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Financials Select Sector SPDR Fund, the Health Care Select Sector SPDR Fund and the Consumer Discretionary Select Sector SPDR Fund.

The notional amount is $1,000 per warrant. The price will be $132 per warrant, or 13.2% of the notional amount. The minimum purchase requirement is 76 warrants.

The warrants will be automatically exercised on the expiration date. If the basket final level is greater than the initial level, the cash settlement amount will be $1,000 multiplied by the basket strike return.

If the final level is less than or equal to the initial level, investors will lose their entire initial investments in the warrants.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The notes will price on Jan. 29 and settle Feb. 3.

The Cusip number is 25190F624.

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