Deutsche Bank to price phoenix autocallables linked to Bank of America

By Angela McDaniels

Tacoma, Wash., Sept. 27 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Oct. 17, 2018 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, if Bank of America shares close at or above the trigger price, 78.5% of the initial share price, on the observation date for that quarter, the notes will pay a contingent coupon at an annual rate of 10% plus any previously unpaid contingent coupons.

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 Sept. 29.

The Cusip number is 25155MEG2.

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