Deutsche Bank plans trigger phoenix autocallables tied to UnitedHealth

By Marisa Wong

Madison, Wis., Oct. 23 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 31, 2018 linked to the common stock of UnitedHealth Group Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at a rate of 7% per year if the closing price of UnitedHealth stock is greater than or equal to the coupon barrier, 72% to 76% of the initial price, on the monthly observation date.

After one year, the notes will be called at par plus the contingent coupon if UnitedHealth shares close at or above the initial share price on any monthly observation date.

If the notes are not called and UnitedHealth shares finish at or above the trigger price, 72% to 76% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

The exact deal terms will be set at pricing.

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

The notes are expected to price Oct. 29 and settle Oct. 31.

The Cusip number is 25155L129.

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