Deutsche Bank plans to price trigger autocallables linked to SanDisk

By Marisa Wong

Madison, Wis., Oct. 23 - Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due Oct. 31, 2018 linked to the common stock of SanDisk Corp., according to an FWP filing with the Securities and Exchange Commission.

After one year, the notes will be called at par plus a call return of 10% per year if SanDisk shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and SanDisk shares finish at or above the trigger price, 54% to 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price. The exact trigger price will be set at pricing.

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

The notes are expected to price Oct. 29 and settle Oct. 31.

The Cusip number is 25155G302.

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