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Deutsche plans return optimization securities tied to S&P 500 via UBS
By Jennifer Chiou
New York, Oct. 1 - Deutsche Bank AG, London Branch plans to price 0% return optimization securities with partial protection due April 19, 2012 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, subject to a maximum return of 14% to 17% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will be exposed to any decline beyond 10%.
The notes (Cusip: 25154N183) are expected to price on Oct. 14 and settle on Oct. 19.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
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