Deutsche Bank plans autocallable optimization securities linked to gold

By E. Janene Geiss

Philadelphia, Dec. 1 - Deutsche Bank AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due June 15, 2010 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

The securities will be called if the price of gold closes at or above the initial price on March 10, 2009, June 10, 2009, Sept. 10, 2009, Dec. 10, 2009, March 10, 2010 or June 10, 2010. Investors will receive an annualized return of between 15% and 18% to the call date. The exact rate will be set at pricing.

If the securities are not called, the payout at maturity will be par of $10 unless the price closes below the trigger level of 70% of the initial level during the life of the securities, in which the payout will be equal to par minus the price decline.

The notes are expected to price Dec. 10 and settle Dec. 15.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

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