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Deutsche Bank plans phoenix autocallable notes linked to Halliburton
By Susanna Moon
Chicago, Jan. 16 - Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Feb. 4, 2015 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.2% if Halliburton shares close at or above the coupon barrier, 80% of the initial share price, on the observation date for that quarter. The exact contingent quarterly coupon will be set at pricing.
The notes will be called at par plus the coupon if the stock closes at or above the initial share price on any quarterly observation date.
The payout at maturity will be par if Halliburton shares finish at or above the 80% trigger level.
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 Jan. 17 and settle on Jan. 23.
The Cusip number is 25152RGZ0.
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