Deutsche Bank plans 8%-10% airbag autocallables linked to Chesapeake

By Angela McDaniels

Tacoma, Wash., Sept. 17 - Deutsche Bank AG, London Branch plans to price 8% to 10% airbag autocallable yield optimization notes due Sept. 27, 2013 linked to the common stock of Chesapeake Energy Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be automatically called at par plus accrued interest if Chesapeake Energy stock closes at or above the initial share price on Dec. 21, 2012, March 22, 2013, June 24, 2013 or Sept. 25, 2013.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Chesapeake Energy shares equal to $1,000 divided by the conversion price. The conversion price will be 65% of the initial share price.

The notes are expected to price Sept. 21 and settle Sept. 26.

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

The Cusip number is 25154X181.

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