Deutsche Bank plans trigger phoenix autocallables linked to Genworth

By Susanna Moon

Chicago, March 19 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 27, 2019 linked to Genworth Financial, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8% if Genworth stock closes at or above the trigger price, 69% to 74% of the initial share price, on an observation date for that month. The exact trigger price will be set at pricing.

The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any monthly observation date after one year.

If the notes are not called and Genworth shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

Deutsche Bank Securities Inc. is the underwriter with UBS Financial Services Inc. as placement agent.

The notes will price on March 21 and settle on March 26.

The Cusip number is 25155Q409.

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