Deutsche Bank plans to price phoenix autocallables linked to Facebook

By Tali Rackner

Norfolk, Va., Jan. 14 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Feb. 1, 2017 linked to the class A common stock of Facebook, Inc., according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 11.6% per year if Facebook shares close at or above the barrier price, 65% of the initial share price, on the observation date for that quarter. Otherwise, no coupon will be paid for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any quarterly observation date.

If the notes are not called and the shares finish at or above the 65% trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The notes will price on Jan. 15 and settle on Jan. 21.

The Cusip number is 25152RZA4.

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