Deutsche Bank plans 8%-10% airbag autocallables tied to lululemon

By Marisa Wong

Madison, Wis., Feb. 20 - Deutsche Bank AG, London Branch plans to price 8% to 10% airbag autocallable yield optimization notes due Feb. 28, 2014 linked to the common stock of lululemon athletica Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par plus accrued interest if lululemon's shares close at or above the initial price on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the 85% conversion level, in which case the payout will be a number of lululemon shares equal to $1,000 divided by the conversion price.

The notes (Cusip: 25154S240) are expected to price on Feb. 22 and settle on Feb. 28.

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

© 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.