Deutsche to price notes linked to lowest-performing of three financial stocks

By Laura Lutz

Des Moines, Sept. 17 - Deutsche Bank AG, London Branch plans to price yield-optimization notes with contingent protection due Jan. 2, 2008 linked to the lowest-performing of three financial stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying stocks are the common stocks of Lehman Brothers Holdings Inc.; Merrill Lynch & Co., Inc.; and the Goldman Sachs Group, Inc.

The notes will bear interest at between 16% and 20% per year. The exact coupon will be set at pricing. Interest will be payable at maturity.

The payout at maturity will be par of $10 if all of the stocks stay at or above their respective trigger levels - 60% of the initial levels - during the life of the notes. Otherwise, the payout will be par plus the return of the lowest-performing stock.

The notes are expected to price on Sept. 24 and settle on Sept. 28.

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

© 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.