Deutsche plans contingent absolute return autocallables linked to Delta

By Jennifer Chiou

New York, Jan. 23 - Deutsche Bank AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due Feb. 3, 2014 linked to the common stock of Delta Air Lines, Inc., according to an FWP with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10% to 13% if Delta 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 70% 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: 25154S323) are expected to price on Jan. 25 and settle on Jan. 31.

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

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