Deutsche Bank to price phoenix autocallables linked to three stocks

By Angela McDaniels

Tacoma, Wash., Oct. 10 – Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Oct. 17, 2019 linked to the common stocks of BlackRock, Inc., Boeing Co. and Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 18.8% if each stock closes at or above its barrier price, 70% of its initial share price, on the observation date for that quarter.

Beginning April 11, 2018, the notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly observation date.

The payout at maturity will be par unless the least-performing stock finishes below its barrier price, in which case investors will be exposed to that stock’s decline from its initial share price.

Deutsche Bank Securities Inc. is the agent.

The notes will price Oct. 11.

The Cusip number is 25155MEN7.

© 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.