Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hewlett-Packard Co. > News item |
Deutsche Bank plans trigger phoenix autocallables on Hewlett-Packard
By Marisa Wong
Madison, Wis., Sept. 10 – Deutsche Bank AG, London Branch plans to price trigger phoenix autocallable optimization securities due Sept. 18, 2019 linked to Hewlett-Packard 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 7% if the stock price on any monthly observation date is equal to or greater than the coupon barrier, 73% to 78% of the initial share price. Interest is payable monthly.
The notes will be called at par if Hewlett-Packard shares close at or above the initial share price on any monthly observation date after one year.
If the notes are not called, the payout at maturity will be par if the final share price is equal to or greater than the 73% to 78% trigger price.
If the final price is less than the trigger price, investors will be fully exposed to the decline in the stock price from the initial share price.
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 Sept. 12 and settle on Sept. 17.
The Cusip number is 25157U770.
© 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.