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Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche plans 7.25%-9.25% airbag yield notes linked to Terex
By Jennifer Chiou
New York, Nov. 7 - Deutsche Bank AG, London Branch plans to price 7.25% to 9.25% annualized airbag yield optimization notes due May 15, 2013 linked to Terex Corp. shares, according to an FWP 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 70% conversion level, in which case the payout will be a number of Terex shares equal to $1,000 divided by the conversion price.
The notes (Cusip: 25154S836) are expected to price on Nov. 9 and settle on Nov. 15.
UBS Financial Services Inc. and Deutsche Bank Securities are the underwriters.
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