Deutsche plans trigger autocallable optimization notes on Hartford

By Toni Weeks

San Luis Obispo, Calif., Sept. 24 - Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due Sept. 28, 2018 linked to the common stock of Hartford Financial Services Group, Inc., 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 a call return of 10% per year if the stock closes at or above the initial share price on any quarterly observation date.

If the notes are not called and the shares finish at or above the trigger level, the payout at maturity will be par. The trigger level is expected to be 57% to 63% of the initial share price and will be set at pricing. Otherwise, investors will be fully exposed to the decline in the share price.

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

The notes (Cusip: 25155L335) will price Sept. 26 and settle Sept. 30.

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