Deutsche Bank plans trigger phoenix autocallables on General Electric

By Marisa Wong

Madison, Wis., March 17 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 29, 2019 linked to General Electric Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.5% if General Electric stock closes at or above the trigger price, 68% to 73% of the initial share price, on an observation date for that month. The exact trigger price will be set at pricing.

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

If the notes are not called and General Electric shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

Deutsche Bank Securities Inc. is the underwriter with UBS Financial Services Inc. as placement agent.

The notes will price on March 27 and settle on March 31.

The Cusip number is 25155P120.

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