Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Foot Locker Inc. > News item |
Deutsche Bank plans trigger phoenix autocallables tied to Foot Locker
By Toni Weeks
San Luis Obispo, Calif., June 12 - Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Dec. 19, 2014 linked to the common stock of Foot Locker, Inc., according to an FWP filing with the Securities and Exchange Commission.
If the price of Foot Locker stock closes at or above the trigger price - 75% of the initial share price - on any quarterly observation date, the issuer will pay an annualized contingent coupon of 9% to 11%. Otherwise, no coupon will be paid for that quarter. The exact coupon will be set at pricing. Interest is payable quarterly.
If the share price is greater than or equal to the initial price on any of the quarterly observation dates, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and the Foot Locker share price finishes at or above the 75% trigger price, 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: 25155H292) are expected to price June 14 and settle June 19.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
© 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.