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Deutsche Bank plans 6%-9% trigger yield notes linked to Comcast
By Angela McDaniels
Tacoma, Wash., Aug. 10 - Deutsche Bank AG, London Branch plans to price 6% to 9% trigger yield optimization notes due Aug. 16, 2013 linked to the common stock of Comcast Corp., according to an FWP filing with the Securities and Exchange Commission.
The face amount of each note will equal the initial share price of Comcast.
Interest will be payable monthly. The exact coupon will be set at pricing.
The payout at maturity will be par unless the final price of Comcast stock is less than 75% of the initial share price, in which case investors will receive one Comcast share per note.
The notes (Cusip: 25154W316) will price Aug. 12 and settle Aug. 17.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
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