Deutsche plans phoenix autocallable securities tied to EOG Resources

By Jennifer Chiou

New York, Nov. 12 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Dec. 2, 2015 linked to the common stock of EOG Resources, Inc., according to an FWP with the Securities and Exchange Commission.

If EOG Resources stock closes at or above the barrier level, 67% of the initial share price, on a quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 10% 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 EOG Resources 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.

The notes (Cusip: 25152RST1) will price on Nov. 14 and settle on Nov. 19.

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

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