Deutsche Bank plans phoenix autocallables tied to General Motors

By Marisa Wong

Madison, Wis., Aug. 26 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Sept. 16, 2015 linked to the common stock of General Motors Co., according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 9.4% per year if General Motors shares close at or above the barrier price, 80% of the initial share price, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any quarterly observation date.

If the notes are not called and the shares finish at or above the barrier 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.

JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC are the placement agents.

The notes will price on Aug. 29 and settle on Sept. 4.

The Cusip number is 25152RPN7.

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