Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche Bank plans autocallable securities linked to Brent crude
By Toni Weeks
San Diego, June 22 - Deutsche Bank AG, London Branch plans to price autocallable securities due July 2, 2013 linked to Brent crude futures contracts, according to an FWP filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 14% to 17% if the price of Brent crude futures contracts closes at or above its initial price on any quarterly call date. The exact call premium will be set at pricing.
If the notes are not called, the payout at maturity will be par unless the underlying commodity closes below 75% of its initial price, in which case investors will be fully exposed to the decline in the commodity price.
The notes (Cusip: 2515A1KL4) are expected to price June 26 and settle June 29.
Deutsche Bank Securities Inc. will act as agent.
© 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.