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Deutsche Bank to price step performance notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 13 - Deutsche Bank AG, London Branch plans to price 0% step performance securities due Aug. 29, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is expected to be 19% to 22% and will be set at pricing.
If the final index level is less than the initial index level, investors will be fully exposed to the decline.
The notes are expected to price Aug. 28 and settle Aug. 31.
UBS Financial Services Inc. and Deutsche Bank Securities are the agents.
The Cusip number is 25154X470.
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