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Prospect News home > News index > List of issuers H > Headlines for Halliburton Co. > News item |
Deutsche Bank plans trigger phoenix autocallables linked to Halliburton
By Susanna Moon
Chicago, Oct. 27 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Oct. 31, 2019 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8% if the stock closes at or above the coupon barrier, 68% to 72% of the initial share price, on any monthly observation date.
The notes will be called at par if Halliburton shares close at or above the initial share price on any monthly observation date after one year.
The payout at maturity will be par unless the stock finishes below the 68% to 72% trigger level, in which case investors will be fully exposed to any losses.
The exact terms will be set at pricing.
Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.
The notes will price on Oct. 29 and settle on Oct. 31.
The Cusip number is 25157U291.
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