Deutsche Bank to price 7.25%-9.25% airbag autocallables on Joy Global

By Toni Weeks

San Diego, Oct. 22 - Deutsche Bank AG, London Branch plans to price 7.25% to 9.25% airbag autocallable yield optimization notes due Nov. 5, 2013 linked to the common stock of Joy Global Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The notes will be automatically called at par plus accrued interest if Joy Global stock closes at or above the initial share price on a quarterly observation date.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Joy Global shares equal to $1,000 divided by the conversion price. The conversion price will be 70% of the initial share price.

The notes are expected to price Oct. 29 and settle Oct. 31.

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

The Cusip number is 25154S505.

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