Deutsche Bank plans one-year call warrants linked to 15 stocks

By Susanna Moon

Chicago, Oct. 8 – Deutsche Bank AG, London Branch plans to price call warrants expiring Oct. 29, 2015 linked to a basket of equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Cabot Oil & Gas Corp., Continental Resources, Inc., Cummins Inc., Eastman Chemical Co., Enterprise Products Partners LP, EOG Resources, Inc., Halliburton Co., LyondellBasell Industries NV, MarkWest Energy Partners, LP, National Oilwell Varco, Inc., Nucor Corp., Pioneer Natural Resources Co., Plains All American Pipeline, LP, Schlumberger NV and Weatherford International Ltd.

The warrants have a notional amount of $1,000 each and will sell for $49.60 each, or 4.96% of the notional amount.

The warrants will be automatically exercised on the expiration date.

If the basket gains, the cash settlement amount per warrant will be $1,000 multiplied by the basket return, up to a maximum return of 10% of the notional amount.

Otherwise, the warrants will expire worthless and investors will get nothing.

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

The warrants will price on Oct. 10 and settle on Oct. 16.

The Cusip number is 25157U523.

© 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.