New Issue: Deutsche Bank prices $3.02 million step performance notes on S&P 500

By Susanna Moon

Chicago, Aug. 30 - Deutsche Bank AG, London Branch priced $3.02 million of 0% step performance securities due Aug. 29, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 21.5%.

Otherwise, investors will be fully exposed to the decline.

UBS Financial Services Inc. and Deutsche Bank Securities are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Step performance securities
Underlying index:	S&P 500
Amount:	$3,021,400
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus return, floor of 21.5%; otherwise, fully exposure to losses
Initial level:	1,409.30
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154X470

© 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.