Deutsche Bank moves up maturity, adjusts rebate for buffered barrier rebate notes linked to S&P 500

By Jennifer Chiou

New York, Feb. 27 - Deutsche Bank AG, London Branch advanced the maturity of its planned issue of buffered barrier rebate notes linked to the S&P 500 index to June 30, 2010 from July 31, 2010, according to an FWP filing with the Securities and Exchange Commission.

If the index never closes above its upper barrier of 150% of the initial level, the payout at maturity will be par plus any index gain, up to a maximum return of 50%. Investors will receive par if the index falls by up to 15% and will share in any losses beyond 15%.

If the index ever closes above its upper barrier and finishes above its initial level, investors will now receive par plus a rebate of 11% to 17%, with the exact amount to be set at pricing. The rebate range was previously 12% to 17%.

If the index ever closes above its upper barrier and falls by less than 15% of its initial level, investors will receive par plus the rebate amount. For losses beyond 15%, investors will receive par plus 15% plus the rebate amount less the loss.

The notes will price on March 26 and settle on March 31.

Deutsche Bank Securities Inc. 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.