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Deutsche Bank plans 6.3%-8.3% airbag autocallables linked to SanDisk
By Angela McDaniels
Tacoma, Wash., April 24 - Deutsche Bank AG, London Branch plans to price 6.3% to 8.3% airbag autocallable yield optimization notes due April 30, 2014 linked to the common stock of SanDisk Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact interest rate will be set at pricing.
The notes will be automatically called at par if the closing share price is greater than or equal to the initial share price on July 29, 2013, Oct. 29, 2013, Jan. 29, 2014 or April 25, 2014.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of SanDisk shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities LLC are the underwriters.
The notes are expected to price April 26 and settle April 30.
The Cusip number is 25155H748.
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