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Deutsche Bank to price 8%-10% airbag autocallables linked to Stratasys
By Angela McDaniels
Tacoma, Wash., April 2 - Deutsche Bank AG, London Branch plans to price 8% to 10% airbag autocallable yield optimization notes due April 10, 2015 linked to the ordinary shares of Stratasys Ltd., 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 notes will be called automatically at par if Stratasys 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 Stratasys 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 agents.
The notes are expected to price April 4 and settle April 9.
The Cusip number is 25155Q797.
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