Deutsche Bank plans to price absolute return barrier securities linked to S&P 500

By E. Janene Geiss

Philadelphia, June 3 - Deutsche Bank AG, London Branch plans to price 0% principal-protected absolute return barrier securities expected to mature Feb. 26, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index never closes above its upper barrier or below its lower barrier during the life of the notes, investors will receive par plus the absolute value of the index return. However investors will receive at least 1.5% per note.

The upper barrier is expected to be 19.1% to 22.1% above the initial level. The lower barrier is expected to be 15%. The exact barriers will be set at pricing.

Otherwise, the payout will be par plus 1.5%.

The notes are expected to price June 25 and settle June 30.

Deutsche Bank Securities and Deutsche Bank Trust Co. Americas are the underwriters.

© 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.