Deutsche Bank plans trigger phoenix autocallables tied to L Brands

By Marisa Wong

Madison, Wis., June 9 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable notes due June 19, 2019 linked to the common stock of L Brands, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at the rate of 7% per year if L Brands shares close at or above the coupon barrier, 73% to 78% of the initial share price, on the observation date for that month. Otherwise, no coupon will be paid for that month.

If the stock closes at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.

If the notes are not called and the shares finish at or above the trigger price, 73% to 78% of the initial share price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

The notes will price on June 13 and settle on June 18.

The Cusip number is 25155V309.

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