Deutsche Bank plans trigger autocallable notes on Brent crude oil

By Toni Weeks

San Diego, June 2 - Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due June 18, 2012 linked to Brent crude futures contracts, according to an FWP filing with the Securities and Exchange Commission.

If the price of Brent crude futures contracts closes at or above the initial price on any quarterly observation date, the notes will be called at par plus an annualized call return of 15% and 19%. The exact call return will be set at pricing.

If the notes are not called and the final price is greater than or equal to 80% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 2515A17D7) are expected to price June 10 and settle June 15.

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

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