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Deutsche Bank to price 6.25%-8.25% airbag notes linked to Baker Hughes
By Toni Weeks
San Diego, Sept. 10 - Deutsche Bank AG, London Branch plans to price 6.25% to 8.25% annualized airbag yield optimization notes due March 20, 2013 linked to the common stock of Baker Hughes Inc., 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 Baker Hughes shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.
The notes (Cusip: 25154X223) are expected to price Sept. 14 and settle Sept. 19.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
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