Deutsche Bank plans 7.35%-10.35% airbag notes tied to Las Vegas Sands

By Susanna Moon

Chicago, April 25 - Deutsche Bank AG, London Branch plans to price 7.35% to 10.35% annualized airbag yield optimization notes due Oct. 31, 2012 linked to Las Vegas Sands Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the stock finishes below the 85% conversion level, in which case the payout will be a number of Las Vegas Sands shares equal to $1,000 divided by the conversion price.

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

The notes will price on April 26 and settle on April 30.

The Cusip number is 25154V318.

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