Deutsche Bank plans trigger autocallables linked to Dow Chemical

By Angela McDaniels

Tacoma, Wash., July 31 - Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due Aug. 8, 2018 linked to the common stock of Dow Chemical Co., according to an FWP filing with the Securities and Exchange Commission.

Beginning one year after issuance, the notes will be called at par of $10 plus an annualized call return of 11% if Dow shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and the final share 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 50% to 55% of the initial share price and will be set at pricing.

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

The notes are expected to price Aug. 2 and settle Aug. 7.

The Cusip number is 25155L814.

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