| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche Bank plans trigger phoenix autocallables linked to NetApp
By Susanna Moon
Chicago, March 3 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due March 13, 2019 linked to NetApp, Inc. 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 8% if NetApp stock closes at or above the trigger price, 66.5% to 71.5% 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 NetApp 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.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
The notes will price on March 7 and settle on March 12.
The Cusip number is 25155P260.
© 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.