Deutsche Bank to price 7.5%-9.5% airbag autocallables linked to HP

By Angela McDaniels

Tacoma, Wash., June 28 - Deutsche Bank AG, London Branch plans to price 7.5% to 9.5% airbag autocallable yield optimization notes due July 9, 2014 linked to the common stock of Hewlett-Packard Co., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called automatically at par if Hewlett-Packard shares close at or above the initial share price on any quarterly observation date.

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 Hewlett-Packard shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.

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

The notes are expected to price July 2 and settle July 8.

The Cusip number is 25155H169.

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