Deutsche Bank to price trigger phoenix autocallables linked to GM

By Jennifer Chiou

New York, April 8 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due April 17, 2019 linked to General Motors Co. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.5% if GM stock closes at or above the trigger price, 61% to 66% 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 GM 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.

The notes (Cusip: 25155Q748) are expected to price on April 11 and settle on April 16.

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

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