Deutsche plans 6.3%-8.3% airbag autocallables on Health Management

By Toni Weeks

San Luis Obispo, Calif., June 4 - Deutsche Bank AG, London Branch plans to price 6.3% to 8.3% airbag autocallable yield optimization notes due June 13, 2014 linked to the common stock of Health Management Associates, 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 any quarterly observation date beginning Sept. 6.

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 Health Management 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 (Cusip: 25155H359) are expected to price June 7 and settle June 13.

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