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Deutsche Bank to price 0% absolute return barrier notes linked to S&P 500
By Jennifer Chiou
New York, Jan. 25 - Deutsche Bank AG, London Branch plans to issue zero-coupon principal-protected absolute return barrier notes due Aug. 29, 2008 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index does not close above the upper index barrier of 20% to 22% above the initial level or below the lower index barrier of 20% to 22% below the starting level during the life of the notes, the payout at maturity will be par of $10.00 plus the absolute value of the index's gain or decline, if any, on Aug. 25, 2008.
If the index crosses one or both of the barriers during the life of the notes, the payout at maturity will be par.
The notes will price on Feb. 22 and settle on Feb. 28.
UBS Financial Services Inc. and Deutsche Bank Securities are the underwriters.
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