Deutsche Bank plans trigger phoenix autocallables linked to GE

By Marisa Wong

Madison, Wis., Dec. 16 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Dec. 26, 2019 linked to General Electric Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% if the stock closes at or above the coupon barrier, 74% to 79% of the initial share price, on any monthly observation date.

The notes will be called at par if General Electric shares close at or above the initial share price on any monthly observation date after one year.

The payout at maturity will be par unless the stock finishes below the 74% to 79% trigger level, in which case investors will be fully exposed to any losses.

The exact terms will be set at pricing.

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

The notes will price on Dec. 19 and settle on Dec. 24.

The Cusip number is 25156D746.

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