Deutsche Bank plans 8%-10.3% airbag autocallables on Starwood Hotels

By Susanna Moon

Chicago, Nov. 14 - Deutsche Bank AG, London Branch plans to price 8% to 10.3% airbag autocallable yield optimization notes due Nov. 22, 2013 linked to Starwood Hotels & Resorts Worldwide, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par plus accrued interest if Starwood Hotels stock closes at or above the initial share price on any review 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 Starwood Hotels shares equal to $1,000 divided by the conversion price.

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

The notes are expected to price on Nov. 16 and settle on Nov. 21.

The Cusip number is 25154S786.

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