Deutsche Bank plans phoenix autocallables on iShares Emerging Markets

By Marisa Wong

Madison, Wis., Oct. 2 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Nov. 3, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund closes at or above the barrier price – 85% of the initial price – on a semiannual observation date, the issuer will pay a contingent coupon for that period at a rate of 6.8% to 7.8% per year. Otherwise, no coupon will be paid that period. The exact coupon will be set at pricing.

If the fund closes at or above the initial price on a semiannual observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and the fund finishes at or above the 85% trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1.17647% for every 1% decline beyond the 15% buffer.

Deutsche Bank Securities Inc. is the agent.

The notes will price on Oct. 30 and settle on Nov. 4.

The Cusip number is 25152RKP7.

© 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.