Deutsche Bank plans phoenix autocallables linked to three securities

By Devika Patel

Knoxville, Tenn., Jan. 18 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Jan. 30, 2019 linked to the common stock of Nvidia Corp., the American Depositary Shares of Alibaba Group Holding Ltd. and the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of between 20% and 22% if each stock closes at or above its coupon barrier price, 75% of its initial share price, on the observation date for that quarter. The exact coupon will be set at pricing.

Beginning April 25, the notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly observation date.

The payout at maturity will be par plus the final coupon unless the least-performing stock finishes below its trigger price, 75% of its initial share price, in which case investors will lose 1% for each 1% decline of the least-performing stock from its initial level.

Deutsche Bank Securities Inc. is the agent.

The notes (Cusip: 25155MHN4) will price on Jan. 25 and settle Jan. 30.

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