Deutsche Bank plans to price phoenix autocallables linked to Broadcom

By Angela McDaniels

Tacoma, Wash., Aug. 23 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Sept. 12, 2018 linked to the ordinary shares of Broadcom Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 10% if Broadcom shares close at or above the trigger price, 66% of the initial share price, on the observation date for that quarter.

The notes will be automatically called at par if the stock closes at or above the initial price on any quarterly observation date.

The payout at maturity will be par unless the stock finishes below the trigger price, in which case investors will be exposed to the stock’s decline from its initial price.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The notes will price Aug. 25.

The Cusip number is 25155MDG3.

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