Deutsche Bank plans trigger phoenix autocallables linked to Facebook

By Toni Weeks

San Luis Obispo, Calif., April 8 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 17, 2016 linked to Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If Facebook stock closes at or above the coupon barrier level – 75% of the initial price – on any quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 7.6% to 9.6% for that quarter.

If the shares close at or above the initial price on any quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Facebook shares finish at or above the 75% trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to losses.

The exact terms will be set at pricing.

The notes (Cusip: 25190G580) are expected to price April 10 and settle April 15.

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

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