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Deutsche Bank to price absolute return barrier notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 27 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection absolute return barrier M-notes due March 31, 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 the upper barrier or below the lower barrier, the payout at maturity will be par plus the absolute value of the index return.
The barrier range will be 21.5% to 23.5% above and below the initial index level, with the exact barriers to be set at pricing.
The notes are expected to price on Sept. 25 and settle on Sept. 30.
Investors will receive at least par.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. will be the underwriters.
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