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Deutsche Bank plans trigger autocallables linked to Baker Hughes
By Jennifer Chiou
New York, July 19 - Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due July 26, 2012 linked to Baker Hughes Inc. shares, according to an FWP with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus an annualized call return of 22.5% to 26.5% if Baker Hughes shares close at or above the initial share price on any of 12 monthly observation dates.
The payout at maturity will be par if Baker Hughes shares finish at or above 75% of the initial share price. Otherwise, the payout will be par plus the stock return, with exposure to losses.
The notes (Cusip: 25154W373) are expected to price on July 22 and settle on July 27.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
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