Deutsche Bank to price callable contingent yield notes on indexes

By Marisa Wong

Morgantown, W.Va., Nov. 13 – Deutsche Bank AG, London Branch plans to price callable contingent yield securities due Nov. 19, 2020 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon if each index closes at or above its coupon barrier, 60% of its initial level, on the observation date for that quarter. The contingent coupon rate is 7% per year.

The notes are callable at par of $10 on any quarterly coupon payment date prior to maturity.

If the notes are not called and each index finishes at or above its 60% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the least-performing index.

Deutsche Bank Securities Inc. is the agent.

The notes will price on Nov. 16.

The Cusip number is 25155MFU0.

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