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Deutsche Bank plans 6%-7.4% airbag autocallables linked to Alibaba
By Susanna Moon
Chicago, Jan. 13 – Deutsche Bank AG, London Branch plans to price 6% to 7.4% airbag autocallable yield optimization notes due Jan. 22, 2016 linked to American Depositary Shares of Alibaba Group Holding Ltd., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if Alibaba shares close at or above the initial share price on any quarterly observation date.
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 Alibaba shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on Jan. 16 and settle on Jan. 22.
The Cusip number is 25190E551.
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