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Deutsche Bank to price 7%-9% airbag notes linked to Huntsman
By Angela McDaniels
Tacoma, Wash., May 22 - Deutsche Bank AG, London Branch plans to price 7% to 9% annualized airbag yield optimization notes due Nov. 29, 2013 linked to the common stock of Huntsman Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact interest rate 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 Huntsman shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
The notes are expected to price May 29 and settle May 31.
The Cusip number is 25155H516.
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