Deutsche plans trigger autocallable securities on SPDR S&P Oil fund

By Jennifer Chiou

New York, May 6 - Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due May 16, 2018 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

If the closing share price is at or above the initial price on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 9%.

If the notes are not called and the final price is greater than or equal to the trigger price, the payout at maturity will be par. Otherwise, investors will share fully in losses. The trigger price is expected to be 67% to 72% of the initial price and will be determined at pricing.

The notes (Cusip: 25155H664) are expected to price on May 10 and settle on May 15.

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

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