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Deutsche plans 8%-10.5% trigger yield optimization notes on Whiting
By Jennifer Chiou
New York, Feb. 23 - Deutsche Bank AG, London Branch plans to price 8% to 10.5% trigger yield optimization notes due Feb. 28, 2013 linked to the common stock of Whiting Petroleum Corp., according to an FWP with the Securities and Exchange Commission.
Interest will be payable monthly. The exact coupon will be set at pricing.
The face amount of each note will be equal to the initial price of Whiting Petroleum stock.
The payout at maturity will be par unless the final price of Whiting Petroleum stock is less than 75% of the initial share price, in which case investors will receive one Whiting Petroleum share per note.
The notes (Cusip: 25154V854) will price on Feb. 27 and settle on Feb. 29.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
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