Deutsche Bank plans 6.5%-8.5% airbag yield notes tied to Barrick Gold

By Toni Weeks

San Luis Obispo, Calif., May 2 - Deutsche Bank AG, London Branch plans to price 6.5% to 8.5% airbag yield optimization notes due Nov. 8, 2013 linked to the common shares of Barrick Gold Corp., 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 final share price is less than the conversion price, in which case the payout will be a number of Barrick Gold shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.

The notes (Cusip: 25155H698) are expected to price May 3 and settle May 8.

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

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