A tube-load model is used to reconstruct aortic pressure waveform from peripheral pressure waveform. Yet, the reconstructed aortic pressure waveform is greatly affected by load impedance used. In this work, a vibrating-string model for closed-loop wave transmission and reflection between the aorta and periphery is developed to examine the roles of all the parameters involved in aortic pressure waveform. The arterial pulsatile wave theory gives rise to the standard one-dimensional wave equation for a vibrating string. A vibrating-string model based on radial displacement of the arterial wall is developed to relate aortic pressure waveform to peripheral pressure waveform, relate load impedance to input impedance, and derive theoretical expressions for associated clinical indices. The vibrating-string model is extended to incorporate blood velocity and is further connected to the left ventricle (LV) to study the role of the LV in aortic pressure waveform. The difference between the vibrating-string model and the tube-load model is also examined. Load impedance is identified as an indispensable independent parameter for reconstruction of aortic pressure waveform with accuracy, and its physiologically realistic harmonic dependence can only be obtained from the measured input impedance. The derived expressions for clinical indices interpret some clinical findings and underscore the role of harmonics in clinical indices. Some misconceptions in the tube-load model are revealed, including load impedance and characteristic impedance. This work clarifies the role of harmonics-dependence of load impedance and harmonics of aortic pressure waveform in determining clinical indices.