New Issue: Deutsche Bank prices $1.12 million securities linked to U.S. dollar against Canadian dollar

By Laura Lutz

Kansas City, Kan., Dec. 27 - Deutsche Bank AG priced $1.12 million of 0% return optimization securities due June 30, 2009 linked to the spot rate of the U.S. dollar relative to the Canadian dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the U.S. dollar increases relative to the Canadian dollar, the payout at maturity will be par plus 300% of any gain in the U.S. dollar, capped at a payout equal to 119% of par.

Otherwise, the payout will be par times the performance of the currency.

UBS Financial Services Inc. and Deutsche Bank Securities are the underwriters.

Issuer:	Deutsche Bank AG
Issue:	Return optimization securities
Underlying currency:	Spot rate of U.S. dollar relative to Canadian dollar
Amount:	$1,122,000
Maturity:	June 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of index gain, capped at payout of 119% of par; otherwise, par times currency performance
Initial level:	0.9936
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Underwriters:	UBS Financial Services Inc.; Deutsche Bank Securities
Fees:	1.75%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.