Deutsche Bank plans 7.85%-10.35% trigger yield notes on LyondellBasell

By Marisa Wong

Madison, Wis., May 2 - Deutsche Bank AG, London Branch plans to price 7.85% to 10.35% trigger yield optimization notes due May 10, 2013 linked to the ordinary shares of LyondellBasell Industries NV, 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 price of LyondellBasell stock.

The payout at maturity will be par unless the final price of LyondellBasell stock is less than 75% of the initial share price, in which case investors will receive one LyondellBasell share per note.

The notes (Cusip: 25154V268) will price May 4 and settle May 9.

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

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