Published on 11/29/2007 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $44.37 million absolute return barrier notes linked to S&P 500
By Jennifer Chiou
New York, Nov. 29 - Deutsche Bank AG, London Branch priced $44.37 million of zero-coupon 100% principal protection absolute return barrier notes due May 29, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes above the upper index barrier or below the lower index barrier during the life of the notes, the payout at maturity will be par of $10 plus the absolute value of the index return. If the index ever closes outside the index barriers, the payout will be par.
The upper and lower index barriers are 26.25% above and below the initial index level, respectively.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | 100% principal protection absolute return barrier notes
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Underlying index: | S&P 500
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Amount: | $44,371,500
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Maturity: | May 29, 2009
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index never closes outside the index barriers, par plus absolute value of the index return; otherwise, par
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Initial index level: | 1,428.23
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Upper index barrier: | 1,803.14, 126.25% of initial level
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Lower index barrier: | 1,053.32, 73.75% of initial level
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agents: | UBS Financial Services Inc., Deutsche Bank Securities Inc.
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Fees: | 1.75%
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