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Deutsche Bank to price buffered digital notes linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Jan. 13 – Deutsche Bank AG, London Branch plans to price 0% buffered digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 17 and 20 months after issue, with the exact maturity to be set at pricing.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be the digital settlement payment of between $1,075 and $1,088 per $1,000 of notes. The exact digital return will be set at pricing.
Otherwise, investors will lose 1.17647% for each 1% decline beyond 15%.
Deutsche Bank Securities Inc. is the agent.
The notes (Cusip: 25152RYS6) will price and settle in 2016.
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