Published on 4/27/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $6.54 million return optimization notes on S&P 500
By Susanna Moon
Chicago, April 27 - Deutsche Bank AG priced $6.54 million of 0% return optimization securities due May 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 15.76%.
Investors will be exposed to any losses.
Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Deutsche Bank AG
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $6,538,070
|
| Maturity: | May 31, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 15.76%; exposure to any losses
|
| Initial level: | 1,390.69
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agents: | Deutsche Bank Securities Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 25154V474
|
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