Published on 7/30/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.77 million return optimization securities linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., July 30 - Deutsche Bank AG, London Branch priced $3.77 million of 0% return optimization securities due Aug. 29, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 11.01%. If the final index level is less than the initial index level, investors will be fully exposed to the decline.
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: | $3,766,760
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Maturity: | Aug. 29, 2014
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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 in the index, subject to a maximum return of 11.01%; full exposure to losses
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Initial level: | 1,691.65
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Pricing date: | July 26
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Settlement date: | July 31
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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: | 25155H128
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