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Deutsche Bank plans 8%-11% yield optimization notes on FedEx via UBS
By Marisa Wong
Milwaukee, May 20 - Deutsche Bank AG, London Branch plans to price 8% to 11% annualized yield optimization notes with contingent protection due Nov. 30, 2010 linked to the common stock of FedEx Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly. The exact coupon will be set at pricing.
The payout at maturity will be par unless the final price of FedEx stock is less than 75% of the initial price, in which case investors will receive one FedEx share per note.
The notes will price on May 26 and settle on May 28.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
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