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Deutsche Bank to price 7.5%-9.5% yield optimization notes linked to Kinross Gold
By Angela McDaniels
Tacoma, Wash., Dec. 23 - Deutsche Bank AG, London Branch plans to price 7.5% to 9.5% yield optimization notes with contingent protection due Dec. 30, 2011 linked to the common stock of Kinross Gold Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact coupon will be set at pricing.
The face amount of each note will be equal to the initial share price of Kinross Gold stock.
The payout at maturity will be par unless the final price of Kinross Gold stock is less than 75% of the initial share price, in which case investors will receive one Kinross Gold share per note.
The notes (Cusip 25154P584) are expected to price Dec. 29 and settle Dec. 31.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
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