Deutsche plans trigger autocallables on WTI light sweet crude oil

By Jennifer Chiou

New York, Nov. 13 – Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due Aug. 21, 2015 linked to West Texas Intermediate light sweet crude oil, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 12% per year if the commodity price closes at or above the initial price on any quarterly observation date.

If the notes are not called and the commodity price finishes at or above the trigger price, 83% to 86% of the initial level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 25156D506) will price on Nov. 18 and settle on Nov. 21.

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

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