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Deutsche Bank to price autocallable optimization securities linked to SPDR S&P 500 ETF trust
By Angela McDaniels
Tacoma, Wash., Oct. 19 - Deutsche Bank AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due Oct. 30, 2015 linked to the SPDR S&P 500 ETF trust, according to an FWP filing with the Securities and Exchange Commission.
If the fund closes at or above its initial share price on any of 17 quarterly observation dates, the notes will be called and investors will receive par of $10 plus an annualized call return of 7.5% to 9% that will be set at pricing. The first observation date is Oct. 27, 2011.
If the notes are not called, the payout at maturity will be par if the final share price is at least 50% of the initial price. Otherwise, investors will receive par plus the share price return.
The notes (Cusip 25154P204) are expected to price Oct. 26 and settle Oct. 29.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
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