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 tied to U.S. Steel
By Marisa Wong
Madison, Wis., June 9 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable notes due June 19, 2019 linked to the common stock of United States Steel Corp., according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a monthly contingent coupon at the rate of 9% per year if U.S. Steel shares close at or above the coupon barrier, 61% to 66% of the initial share price, on the observation date for that month. Otherwise, no coupon will be paid for that month.
If the stock closes at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.
If the notes are not called and the shares finish at or above the trigger price, 61% to 66% of the initial share price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on June 13 and settle on June 18.
The Cusip number is 25155V507.
© 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.