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Deutsche Bank plans 6.5%-8.5% airbag autocallables linked Medivation
By Susanna Moon
Chicago, July 15 – Deutsche Bank AG, London Branch plans to price 6.5% to 8.5% airbag autocallable yield optimization notes due July 22, 2016 linked to Medivation, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if Medivation stock closes at or above the initial level 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 Medivation shares equal to $1,000 divided by the conversion price. The conversion price is 75% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on July 17 and settle on July 22.
The Cusip number is 25190J485.
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