Deutsche Bank plans bearish contingent autocallables tied to wheat

By Marisa Wong

Madison, Wis., March 26 - Deutsche Bank AG, London Branch plans to price 0% bearish contingent participation autocallable optimization securities due Dec. 31, 2014 linked to the performance of wheat futures contracts, according to an FWP filing with the Securities and Exchange Commission.

If the futures contracts closing price is less than or equal to the initial price on any quarterly observation date, the notes will be automatically called at par plus an annualized call return of 12% to 16%. The exact call return will be set at pricing.

If the notes are not called and the final price is less than or equal to the trigger price, 120% of the initial price, the payout at maturity will be par plus the price return.

If the final price is greater than the trigger price, investors will lose 1% for every 1% increase from the initial price.

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

The notes will price on March 27 and settle on March 31.

The Cusip number is 25155Q706.

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