Deutsche Bank plans autocallable securities linked to U.S. Oil fund

By Marisa Wong

Madison, Wis., June 29 - Deutsche Bank AG, London Branch plans to price autocallable securities due July 9, 2015 linked to the United States Oil Fund, LP, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call premium of 10.6% to 12.2% if the fund closes at or above its initial price on any quarterly call date. The first call date is expected to be July 10, 2013.

The payout at maturity will be par unless the fund closes below 80% of its initial level on the final valuation date, in which case investors will lose 1.25% for every 1% decline beyond the 20% buffer.

The exact terms will be set at pricing.

The notes (Cusip: 2515A1KR1) will price on July 3 and settle on July 9.

Deutsche Bank Securities Inc. will act as agent.

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