Published on 8/30/2007 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $57.07 million return optimization securities linked to S&P 500
By Laura Lutz
Des Moines, Aug. 30 - Deutsche Bank AG priced a $57.07 million issue of return optimization securities due Feb. 27, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par of $10 plus triple any index gain, subject to a maximum payout of par plus 28%. Investors will participate fully in any index decline.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG
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Issue: | Return optimization securities
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Underlying index: | S&P 500 index
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Amount: | $57,071,820
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Maturity: | Feb. 27, 2009
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index increases, par plus triple any index gain, capped at 28%; full exposure to any index decline
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 1.75%
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