Deutsche Bank to price trigger return optimization notes tied to ETFs

By Marisa Wong

Madison, Wis., Oct. 3 - Deutsche Bank AG, London Branch plans to price 0% trigger return optimization securities due Oct. 30, 2015 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF trust with a 40% weight, the iShares MSCI EAFE index fund with a 40% weight and the iShares MSCI Emerging Markets index fund with a 20% weight.

If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum return of 28% to 33% that will be set at pricing.

If the basket return is zero or negative and the final basket level is greater than or equal to the trigger level - 60% of the initial level - the payout will be par.

If the final basket level is less than the trigger level, investors will be fully exposed to the basket's decline from its initial level.

The notes are expected to price Oct. 26 and settle Oct. 31.

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

The Cusip number is 25154V144.

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