Deutsche Bank plans trigger phoenix autocallables on Bank of America

By Marisa Wong

Madison, Wis., Feb. 25 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Feb. 28, 2019 linked to the common stock of Bank of America Corp., according to an FWP filing with the Securities and Exchange Commission.

If Bank of America stock closes at or above the trigger price, 73% to 78% of the initial share price, on a monthly observation date, the issuer will pay a contingent coupon for that month at the rate of 7.5% per year. Otherwise, no coupon will be paid that month. The exact trigger price will be set at pricing.

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

If the notes are not called and Bank of America shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

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

The notes will price Feb. 26 and settle Feb. 28.

The Cusip number is 25155P377.

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