Published on 9/27/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.8 million return optimization notes on S&P 500
By Susanna Moon
Chicago, Sept. 27 - Deutsche Bank AG, London Branch priced $2.8 million of 0% return optimization securities due Oct. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 11.01%.
Investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,796,550
|
| Maturity: | Oct. 31, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 11.01%; exposure to any losses
|
| Initial level: | 1,692.77
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25155L343
|
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