E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/16/2008 in the Prospect News Structured Products Daily.

Deutsche Bank to price BUyS linked to DB Balanced Currency Harvest index

By Angela McDaniels

Tacoma, Wash., Jan. 16 - Deutsche Bank AG, London Branch plans to price 0% Buffered Underlying Securities (BUyS) with limited loss due Jan. 31, 2011 linked to the Deutsche Bank Balanced Currency Harvest index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain multiplied by a participation rate that is expected to be 100% to 115%. The exact rate will be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% decline beyond 10%, subject to a minimum payout of $800 for each $1,000 principal amount of securities.

The securities are expected to price on Jan. 25 and settle on Jan. 29.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.


© 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.