Deutsche plans phoenix autocallable securities tied to Silver Wheaton

By Jennifer Chiou

New York, Dec. 1 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due June 13, 2016 linked to the common stock of Silver Wheaton Corp., according to an FWP with the Securities and Exchange Commission.

If Silver Wheaton stock closes at or above the barrier level, 70% of the initial share price, on a quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 15% to 15.5% for that quarter.

If the shares close 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 Silver Wheaton shares finish at or above the barrier level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the share price decline.

The notes (Cusip: 25152RTC7) will price on Dec. 4 and settle on Dec. 11.

Deutsche Bank Securities Inc. is the agent.

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