Deutsche Bank plans trigger phoenix autocallables tied to Carlyle

By Marisa Wong

Madison, Wis., June 24 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due June 28, 2019 linked to the common units of Carlyle Group LP, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at the rate of 8% per year if Carlyle units close at or above the coupon barrier, 60% to 67% of the initial price, on the observation date for that month. Otherwise, no coupon will be paid for that month.

If the units close 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 units finish at or above the trigger price, 60% to 67% of the initial price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for every 1% that the final price is less than the initial price.

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

The notes will price on June 26 and settle on June 30.

The Cusip number is 25155V770.

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