Deutsche Bank plans autocallable optimization notes on Financial SPDR

By Susanna Moon

Chicago, Nov. 15 - Deutsche Bank AG, London Branch plans to price 0% autocallable optimization securities with contingent protection due Nov. 25, 2015 based on the performance of Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the shares close at or above the initial price on any of the quarterly observation dates, the notes will be called automatically and investors will receive par of $10 plus an annualized return of 8% to 10%. The exact call return will be set at pricing.

If the notes are not called, the payout at maturity will be par if the fund finishes at or above 60% of the initial price. Otherwise, investors will be fully exposed to the decline.

The notes (Cusip 25154P808) will price on Nov. 19 and settle on Nov. 24.

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

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