Deutsche Bank plans trigger phoenix autocallables tied to Whole Foods

By Susanna Moon

Chicago, May 1 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due May 8, 2019 linked to Whole Foods Market, 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 7% if Whole Foods stock closes at or above the barrier level - 69% to 74% of the initial price - on the observation date for that month. The exact coupon will be set at pricing.

If the shares close at or above the initial price on any monthly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Whole Foods shares finish at or above the barrier level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to losses.

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

The notes will price on May 2 and settle on May 7.

The Cusip number is 25155Q516.

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