By Marisa Wong
Madison, Wis., Feb. 13 – Deutsche Bank AG, London Branch priced $25 million of 0% return optimization securities due March 17, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 3 times the index return, subject to a maximum return of 12.7%.
Investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Return optimization securities
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Underlying index: | S&P 500
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Amount: | $25 million
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Maturity: | March 17, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any gain, capped at 12.7%; exposure to any losses
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Initial level: | 2,068.59
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Pricing date: | Feb. 11
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Settlement date: | Feb. 17
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 2%
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Cusip: | 25190E833
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