Deutsche Bank plans 6%-8% airbag autocallables tied to American Eagle

By Angela McDaniels

Tacoma, Wash., April 24 - Deutsche Bank AG, London Branch plans to price 6%-8% airbag autocallable yield optimization notes due April 30, 2014 linked to the common stock of American Eagle Outfitters, Inc., 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 American Eagle Outfitters shares equal to $1,000 divided by the conversion price. The conversion price will be 80% 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 25155H763.

© 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.