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Deutsche plans buffered return optimization securities on S&P 500
By Jennifer Chiou
New York, March 31 - Deutsche Bank AG, London Branch plans to price 0% buffered return optimization securities due April 30, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The payout at maturity will be par of $10 plus 1.25 times any gain in the index, up to a maximum return of 20% to 24%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes (Cusip: 25154W878) will price on April 26 and settle on April 29.
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