New Issue: Deutsche Bank prices $2 million 9.1% autocallables linked to Halliburton

By Angela McDaniels

Tacoma, Wash., Jan. 31 - Deutsche Bank AG, London Branch priced $2 million of autocallable securities due Nov. 1, 2012 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.

The nine-month securities have an annualized coupon of 9.1% paid at the rate of 2.275% per quarter.

The securities will be automatically called at par if Halliburton stock closes at or above the initial share price on April 27, 2012, July 27, 2012 or Oct. 29, 2012.

If the securities are not called and the final share price is at least 60% of the initial share price, the payout at maturity will be par. If the final share price is less than 60% of the initial share price, investors will be fully exposed to the decline.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying stock:	Halliburton Co. (Symbol: HAL)
Amount:	$2 million
Maturity:	Nov. 1, 2012
Coupon:	9.1% per year, payable quarterly
Price:	Par
Payout at maturity:	Par if final share price is greater than or equal to threshold level; otherwise, par plus stock return
Call:	Automatically at par if Halliburton stock closes at or above initial share price on April 27, 2012, July 27, 2012 or Oct. 29, 2012
Initial share price:	$37.10
Threshold level:	$22.26, 60% of initial share price
Pricing date:	Jan. 27
Settlement date:	Feb. 1
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	2515A1GL9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.