Deutsche plans contingent absolute return autocallables on Carnival

By Toni Weeks

San Diego, March 13 - Deutsche Bank AG, London Branch plans to price contingent absolute return autocallable optimization securities due March 22, 2013 linked to Carnival Corp. shares, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 11.6% to 14.6% if the stock closes at or above the initial share price on any quarterly observation date.

If the notes are not called and the stock finishes at or above the 75% 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.

The notes (Cusip: 25154V730) will price March 16 and settle March 21.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. will act as agents.

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