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Deutsche Bank to price 5%-7% airbag notes linked to Hain Celestial
By Angela McDaniels
Tacoma, Wash., March 11 - Deutsche Bank AG, London Branch plans to price 5% to7% annualized airbag yield optimization notes due Sept. 20, 2013 linked to the common stock of Hain Celestial Group, Inc., 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 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 Hain Celestial 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 underwriters.
The notes are expected to price March 15 and settle March 20.
The Cusip number is 25155H805.
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