Deutsche Bank plans trigger phoenix autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Aug. 18 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Aug. 31, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that quarter. The contingent coupon rate is expected to be 8% to 8.7% per year and will be set at pricing.

After six months, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called and each index finishes at or above its barrier level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be exposed to the decline of the lesser-performing index.

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

The notes will price Aug. 27 and settle Aug. 31.

The Cusip number is 25190F129.

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