Deutsche Bank plans to price phoenix autocallables linked to Facebook

By Marisa Wong

Madison, Wis., Dec. 4 - Deutsche Bank AG, London Branch plans to price phoenix autocallable notes due Dec. 24, 2014 linked to the common stock of Facebook, Inc., according to an FWP with the Securities and Exchange Commission.

If Facebook shares close at or above the barrier price - 65% of the initial share price - on any quarterly observation date, the issuer will pay a contingent coupon of 13.8%. Otherwise, no coupon will be paid for that period.

If the stock closes at or above the initial price on any quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and the shares finish at or above the barrier price, the payout at maturity will be par plus the contingent coupon. Investors will be exposed to any losses.

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

The notes will price Dec. 6 and settle Dec. 11.

The Cusip number is 25152RGD9.

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