Deutsche Bank plans autocallable securities due 2014 linked to Ford

By Jennifer Chiou

New York, Oct. 16 - Deutsche Bank AG, London Branch plans to price 10% autocallable securities due Nov. 5, 2014 linked to the common stock of Ford Motor Co., according to an FWP with the Securities and Exchange Commission.

Interest will be payable quarterly beginning on Feb. 4, 2014 unless the notes are automatically called.

If the shares close at or above the initial price on any quarterly observation date, the notes will be called at par plus the coupon.

If the notes are not called and Ford shares finish at or above the barrier level, 80% of the initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to the share price decline.

The notes (Cusip: 25152RFB4) are expected to price on Oct. 18 and settle on Oct. 23.

J.P. Morgan Securities LLC is the 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.