Deutsche Bank plans 12-month phoenix autocallables on General Electric

By Susanna Moon

Chicago, May 23 - Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due June 12, 2013 linked to General Electric Co. shares, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

If General Electric stock closes at or above the 80% trigger level on a quarterly observation date, the notes will pay an annualized contingent coupon of 17% for that quarter.

If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and General Electric shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

The notes will price on May 25 and settle on May 31.

The Cusip number is 2515A1K42.

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