Deutsche Bank plans notes on gold miners ETF; Wells Fargo prices Homebuilders ETF-linked notes

By Sheri Kasprzak

New York, Oct. 24 - Upcoming structured products offerings will include an offering of zero-coupon buffered return optimization securities linked to the Market Vectors Gold Miners exchange-traded fund from Deutsche Bank AG, London Branch.

The notes are due Oct. 31, 2016.

The payout at maturity will be par of $10 plus double any gain in the fund, up to a maximum return of 56% to 61%. The exact cap will be set at pricing.

Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

The notes will price Tuesday and settle Thursday.

ETF up 3.77% on day

The fund rose by $0.95, or 3.77%, on Thursday to end at $26.13.

From Oct. 24, 2011 to Wednesday, the fund declined by 55.06%. From Oct. 24, 2012 to Wednesday, the fund dropped by 49.7%.

For the year through Wednesday, the fund has dropped by 46.54%.

Wells Fargo to offer notes

Also during the session, Wells Fargo & Co. announced the pricing of $3.2 million of 5.7% autocallable access securities with contingent downside due Oct. 28, 2015 linked to the SPDR S&P Homebuilders exchange-traded fund.

Interest is payable quarterly, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus accrued interest if the fund closes at or above the initial price on any of seven quarterly call dates.

If the notes are not called and the fund's final level is at least 70% of the initial price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the fund decline from the initial share price.

Wells Fargo Securities, LLC is the agent.

The fund climbed by $0.70, or 2.29%, to end the session at $31.25 on Thursday.

Over the past two years, the fund has increased by 85.26%. In the past 12 months, the fund has climbed by 17.91%. For the year through Wednesday, the fund has increased by 11.86%.

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