Published on 5/17/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $4.06 million return optimization securities on S&P 500
By Toni Weeks
San Diego, May 17 - Deutsche Bank AG, London Branch priced $4.06 million of return optimization securities due June 19, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 15.08%.
Investors will be fully exposed to any losses.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $4,061,640
|
| Maturity: | June 19, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain in the index, up to maximum return of 15.08%; full exposure to losses
|
| Initial level: | 1,337.77
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25154W720
|
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