Deutsche Bank plans airbag phoenix autocallables linked to Autodesk

By Jennifer Chiou

New York, Feb. 18 – Deutsche Bank AG, London Branch plans to price airbag phoenix autocallable optimization securities due Aug. 25, 2016 linked to Autodesk, Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.4% to 9.4% if the stock closes at or above the 75% coupon barrier level on an observation date for the month.

The notes will be called at par plus accrued interest if Autodesk stock closes at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Autodesk shares equal to $1,000 divided by the conversion price. The conversion price is 90% of the initial share price.

The notes (Cusip: 25190E155) will price on Feb. 20 and settle on Feb. 25.

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

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