Deutsche Bank plans trigger phoenix autocallables linked to Quest

By Angela McDaniels

Tacoma, Wash., June 17 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due June 25, 2018 linked to the common stock of Quest Diagnostics Inc., according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the issuer will pay a contingent coupon at the rate of 7% per year if Quest Diagnostics stock closes at or above the trigger price, 70% to 75% of the initial share price, on the observation date for that quarter. The exact trigger price will be set at pricing.

Beginning six months after issuance, the notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any quarterly observation date.

If the notes are not called and Quest Diagnostics shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

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

The notes will price June 19 and settle June 24.

The Cusip number is 25190H836.

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