Deutsche Bank plans 9%-11.6% airbag autocallables on Alpha Natural

By Susanna Moon

Chicago, Dec. 10 - Deutsche Bank AG, London Branch plans to price 9% to 11.6% annualized airbag autocallable yield optimization notes due Dec. 19, 2014 linked to Alpha Natural Resources, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par plus the coupon if the stock closes at or above the initial share price on any 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 Alpha Natural shares equal to $1,000 divided by the conversion price. The conversion price is 65% of the initial share price.

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

The notes will price on Dec. 13 and settle on Dec. 18.

The Cusip number is 25155G740.

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