Deutsche plans high/low coupon autocallables tied to Russell, EM fund

By Jennifer Chiou

New York, Nov. 13 - Deutsche Bank AG, London Branch plans to price high/low coupon autocallable securities due May 20, 2015 linked to the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to an FWP with the Securities and Exchange Commission.

A knock-in event occurs if either underlying asset closes below its threshold level, 75% of its initial level, on any day during the life of the notes.

If a knock-in event does not occur during a quarterly observation period, the coupon is expected to be 10.5% to 13% per year for that period. If a knock-in event occurs during a quarterly observation period, the coupon for that interest period and each subsequent interest period will be 1% per year.

The notes will be called at par if both underlying assets close at or above their initial levels on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless a knock-in event has occurred, in which case investors will be fully exposed to the negative return of the lesser-performing asset.

The notes (Cusip: 25152RFU2) are expected to price on Nov. 15 and settle on Nov. 20.

Deutsche Bank Securities Inc. is the agent.

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