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Deutsche Bank plans one-year contingent absolute return autocallables linked to Silver Wheaton
By Susanna Moon
Chicago, Oct. 10 - Deutsche Bank AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due Oct. 21, 2013 linked to the common stock of Silver Wheaton Corp., according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 10.5% to 14.5% if Silver Wheaton stock closes at or above the initial share price on any quarterly observation date. The exact call premium will be set at pricing.
If the notes are not called and the stock finishes at or above the 65% trigger level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on Oct. 12 and settle on Oct. 17.
The Cusip number is 25154X140.
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