Deutsche plans autocallable optimization notes on Weatherford via UBS

By Marisa Wong

Madison, Wis., Oct. 1 - Deutsche Bank AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due Oct. 17, 2011 linked to the common stock of Weatherford International Ltd., according to an FWP filing with the Securities and Exchange Commission.

If Weatherford's shares close at or above the initial price on any of 12 monthly observation dates, the notes will be called automatically and investors will receive par of $10 plus a call return of 22.5% to 26.5% that will be set at pricing.

If the notes are not called, the payout at maturity will be par if the final share price is greater than or equal to 70% of the initial price. Otherwise, investors will be fully exposed to the decline.

The notes (Cusip: 25154N167) will price on Oct. 8 and settle on Oct. 14.

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

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