Deutsche Bank to price phoenix autocallables linked to Halliburton

By Angela McDaniels

Tacoma, Wash., Oct. 15 - Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Nov. 5, 2014 linked to the common stock of Halliburton Co., according to an FWP filing with the Securities and Exchange Commission.

If Halliburton stock closes at or above the barrier level, 80% of the initial share price, on a quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 12.2% for that quarter.

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

If the notes are not called and Halliburton 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 the share price decline.

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

The notes will price Oct. 18 and settle Oct. 23.

The Cusip number is 25152RFC2.

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