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Deutsche to price notes linked to lowest-performing of three financial stocks
By Laura Lutz
Des Moines, Sept. 17 - Deutsche Bank AG, London Branch plans to price yield-optimization notes with contingent protection due Jan. 2, 2008 linked to the lowest-performing of three financial stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying stocks are the common stocks of Lehman Brothers Holdings Inc.; Merrill Lynch & Co., Inc.; and the Goldman Sachs Group, Inc.
The notes will bear interest at between 16% and 20% per year. The exact coupon will be set at pricing. Interest will be payable at maturity.
The payout at maturity will be par of $10 if all of the stocks stay at or above their respective trigger levels - 60% of the initial levels - during the life of the notes. Otherwise, the payout will be par plus the return of the lowest-performing stock.
The notes are expected to price on Sept. 24 and settle on Sept. 28.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
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