Deutsche Bank plans contingent absolute return autocallables on Avago

By Susanna Moon

Chicago, Sept. 24 – Deutsche Bank AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due Oct. 6, 2016 linked to Avago Technologies Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 11% to 15% if Avago stock closes at or above the initial share price on any quarterly observation date.

If the stock finishes at or above the trigger level, 65% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

The notes will price on Sept. 28 and settle on Sept. 30.

The Cusip number is 25190F335.

© 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.