Deutsche Bank plans trigger phoenix autocallables on Hewlett-Packard

By Marisa Wong

Madison, Wis., June 17 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Dec. 29, 2015 linked to the common stock of Hewlett-Packard Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at the rate of 6.7% to 8.7% per year if Hewlett-Packard shares close at or above the coupon barrier, 75% of the initial share price, on the observation date for that quarter. Otherwise, no coupon will be paid for that quarter.

If the stock closes at or above the initial price on any quarterly observation date, 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, 75% 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 20 and settle on June 25.

The Cusip number is 25155V820.

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