Deutsche Bank plans autocallable optimization notes tied to Anadarko

By Susanna Moon

Chicago, Oct. 20 - Deutsche Bank AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due Oct. 28, 2011 based on the performance of Anadarko Petroleum Corp. stock, according to an FWP filing with the Securities and Exchange Commission.

If Anadarko'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 an annualized return of 20.5% to 24.5%. The exact call return will be set at pricing.

If the notes are not called, the payout at maturity will be par if the stock finishes at or above 70% of the initial price. Otherwise, investors will be fully exposed to the decline.

The notes (Cusip 25154P303) will price on Oct. 22 and settle on Oct. 27.

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

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