Deutsche Bank plans trigger phoenix autocallables tied to Baker Hughes

By Susanna Moon

Chicago, March 20 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 29, 2018 linked to Baker Hughes Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 8% if the price of Baker Hughes stock closes at or above the trigger level on any monthly observation date. The trigger level will be 70% to 75% of the initial level, with the exact percentage to be set at pricing.

If the stock closes at or above the initial price on any of the monthly observation dates after one year, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the Baker Hughes share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be exposed to any share price decline.

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

The notes will price on March 26 and settle on March 28.

The Cusip number is 25155H847.

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