Deutsche Bank to price trigger autocallables linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., March 18 - Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due March 31, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par of $10 plus an annualized call return of 7.5% to 8.5% if the index closes at or above the initial index level on any quarterly observation date. The exact call return will be set at pricing. The first observation date will be one year after issuance.

If the notes are not called and the final index level is at least 70% of the initial index level, the payout at maturity will be par. Otherwise, the payout will be par plus the index return.

The notes (Cusip: 25154P212) are expected to price March 25 and settle March 31.

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

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