Deutsche plans buffered autocallable optimization notes tied to Nikkei

By Jennifer Chiou

New York, Jan. 29 - Deutsche Bank AG, London Branch plans to price 0% buffered autocallable optimization securities due Jan. 29, 2016 linked to the Nikkei 225 index, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of at least 7.5% if the index closes at or above the initial index level on a quarterly observation date.

If the notes are not called and the final index level is at least 95% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the index declines beyond 5%.

The notes (Cusip: 25155P575) are expected to price on Jan. 29 and settle on Jan. 31.

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

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