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Deutsche Bank plans return optimization securities linked to S&P 500
By Susanna Moon
Chicago, April 3 - Deutsche Bank AG, London Branch plans to price 0% return optimization securities with partial protection due Oct. 29, 2010 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 of $10 plus double any index gain, up to a maximum return of 27.25% to 31.25%, with the exact cap to be set at pricing.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
The notes are expected to price on April 27 and settle on April 30.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
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