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Deutsche Bank to price uncapped BUyS linked to S&P 500 index
By Jennifer Chiou
New York, Oct. 2 – Deutsche Bank AG, London Branch plans to price 0% uncapped buffered underlying securities due Nov. 4, 2019 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive or flat, the payout at maturity will be par plus 120% to 130% of the index return.
Investors will receive par if the index declines by 15% or less and will lose 1.17647% for every 1% that the index declines beyond 15%.
The notes (Cusip: 25152RKR3) will price on Oct. 30 and settle on Nov. 4.
Deutsche Bank Securities Inc. is the agent.
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