Deutsche Bank plans airbag phoenix autocallables tied to B/E Aerospace

By Susanna Moon

Chicago, June 11 – Deutsche Bank AG, London Branch plans to price airbag phoenix autocallable optimization securities due Dec. 16, 2016 linked to B/E Aerospace, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% to 9% if the stock closes at or above the 80% coupon barrier level on an observation date for the month.

The notes will be called at par plus accrued interest if American Air 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 American Air shares equal to $1,000 divided by the conversion price. The conversion price is 90% of the initial share price.

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

The notes will price on June 12 and settle on June 17.

The Cusip number is 25190H786.

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