Deutsche Bank to price trigger performance notes linked to Hang Seng China Enterprises index

By Marisa Wong

Madison, Wis., May 3 - Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due May 31, 2016 linked to the Hang Seng China Enterprises index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 103% of the index return.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, the payout will be par. The trigger level will be equal to 50% to 55% of the initial level and will be set at pricing.

If the final level is below the trigger level, the payout will be par plus the index return.

The notes (Cusip: 25154W746) are expected to price May 25 and settle May 31.

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

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