Deutsche Bank to price 0% bearish autocallable securities linked to Ford, General Motors

By Jennifer Chiou

New York, Aug. 29 - Deutsche Bank AG, London Branch plans to price 0% bearish autocallable optimization securities with contingent protection linked to the common stocks of Ford Motor Co. and General Motors Corp., according to an FWP filing with the Securities and Exchange Commission.

The stocks will be equally weighted.

The maturity date is expected to be Sept. 18, 2008 and will be determined at pricing, which will be on Sept. 7, with settlement on Sept. 12.

The securities will automatically be called if the basket level is at or below the initial level on any of the following observation dates: Dec. 13, 2007, March 13, 2008, June 13, 2008 and Sept. 15, 2008.

The redemption amount will be par plus between 7.5% and 9% if the notes are called on Dec. 13, 2007, par plus between 15% and 18% if the notes are called on March 13, 2008, par plus between 22.5% and 27% if the notes are called on June 13, 2008 and par plus between 30% and 36% if the notes are called on Sept. 15, 2008. The exact redemption amounts will be determined at pricing.

If the notes are not called, the payout at maturity will be par unless the basket hits the trigger level - 140% of the initial level - during the life of the notes and finishes above the initial level, in which case investors will be fully exposed to the losses determined according to gains in the basket.

UBS Financial Services Inc. and Deutsche Bank Securities, Inc. will be the agents.

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