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Deutsche Bank to price BUyS linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 4 - Deutsche Bank AG, London Branch plans to price 0% Buffered Underlying Securities (BUyS) due Feb. 20, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, subject to a maximum return that is expected to be 61.5% to 66% and will be set at pricing.
Investors will receive par if the index declines by 20% or less and will lose 1% for each 1% decline beyond 20%.
The securities are expected to price on Feb. 15 and settle on Feb. 20.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.
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