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Deutsche Bank plans buffered return optimization notes tied to S&P 500
By Susanna Moon
Chicago, Aug. 31 - Deutsche Bank AG, London Branch plans to price 0% buffered return optimization securities due Sept. 30, 2014 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 gain in the index, up to a maximum return of 18.5% to 23.5%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on Sept. 25 and settle on Sept. 28.
The Cusip number is 25154V177.
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