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Deutsche Bank plans contingent return autocallables on Halliburton
By Susanna Moon
Chicago, Aug. 14 - Deutsche Bank AG, London Branch plans to price 0% contingent absolute return autocallable optimization securities due Aug. 23, 2013 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 9% to 11% if Halliburton stock closes at or above the initial share price on any quarterly observation date. The exact call premium will be set at pricing.
If the notes are not called and the stock finishes at or above the 70% trigger level, the payout at maturity will be par plus the absolute value of the stock return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on Aug. 16 and settle on Aug. 21.
The Cusip number is 25154X447.
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