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Deutsche Bank to price BUyS linked to Financial Select Sector SPDR fund
By Angela McDaniels
Tacoma, Wash., April 2 - Deutsche Bank AG, London Branch plans to price 0% Buffered Underlying Securities (BUyS) due Oct. 29, 2009 linked to shares of the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any increase in the fund's share price, subject to a maximum return that is expected to be 21.5% to 25.5% and will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for each 1% decline beyond 15%.
The securities are expected to price on April 24 and settle on April 29.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.
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