Deutsche Bank plans autocallable trigger notes tied to Atmel via UBS

By Toni Weeks

San Diego, June 23 - Deutsche Bank AG, London Branch plans to price 0% autocallable trigger optimization securities due June 29, 2012 linked to the common stock of Atmel Corp., according to an FWP filing with the Securities and Exchange Commission.

If Atmel shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call premium of 26% to 31%. The exact call premium will be determined at pricing.

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

The notes (Cusip: 25154W449) are expected to price on June 28 and settle on June 30.

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

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