Deutsche plans 6.1%-8.1% airbag autocallables on Genworth Financial

By Jennifer Chiou

New York, Nov. 6 - Deutsche Bank AG, London Branch plans to price 6.1% to 8.1% airbag autocallable yield optimization notes due Nov. 14, 2014 linked to the class A common stock of Genworth Financial, Inc., according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par plus accrued interest if Genworth Financial shares close at or above the initial 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 85% conversion level, in which case the payout will be a number of Genworth Financial shares equal to $1,000 divided by the conversion price.

The notes (Cusip: 25155G880) are expected to price on Nov. 8 and settle on Nov. 13.

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

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