Published on 2/23/2007 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $8 million 0% notes linked to Amex Gold BUGS
By Angela McDaniels
Seattle, Feb. 23 - Deutsche Bank AG, London Branch priced a $7,957,309 offering of 0% autocallable optimization securities due Aug. 29, 2008 with contingent protection linked to the Amex Gold BUGS index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will automatically be called if the index level is at or above the initial index level on any observation date.
The redemption amount will be par plus 21% if the notes are called on Feb. 29, 2008, par plus 26.25% if the notes are called on May 29, 2008 and par plus 31.5% if the notes are called on Aug. 29, 2008.
If the notes are not called, the payout at maturity will be par unless the index hits the trigger level - 80% of the initial index level - during the life of the notes and finishes below the initial index level, in which case investors will be fully exposed to the decline in the index.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable optimization securities with contingent protection
|
| Underlying index: | Amex Gold BUGS
|
| Amount: | $7,957,309
|
| Maturity: | Aug. 29, 2008
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | If index level is above initial index level on an observation date; redemption amount will be par plus 21% if called on Feb. 29, 2008, par plus 26.25% if called on May 29, 2008 and par plus 31.5% if called on Aug. 29, 2008.
|
| Payout at maturity: | Full exposure to index decline if index hits the trigger level during the life of the notes and finishes below the initial index level; otherwise, par
|
| Initial index level: | 354.57
|
| Trigger level: | 283.65, 80% of initial index level
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 28
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Agent fees: | 1.75%
|
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