Deutsche Bank plans trigger phoenix autocallables linked to BlackRock

By Susanna Moon

Chicago, Sept. 10 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Sept. 19, 2013 linked to the BlackRock Inc., according to an FWP filing with the Securities and Exchange Commission.

If BlackRock stock closes at or above the 75% trigger level on a quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 8% to 10.5% 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 of $10 plus the contingent coupon.

If the notes are not called and BlackRock 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 exact deal terms will be set at pricing.

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

The notes are expected to price on Sept. 14 and settle on Sept. 19.

The Cusip number is 25154X 249.

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