Deutsche Bank aims to sell phoenix autocallables on Regions Financial

By Devika Patel

Knoxville, Tenn., Aug. 9 – Deutsche Bank AG, London Branch, will price phoenix autocallable securities due Aug. 19, 2020 linked to the common stock of Regions Financial Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of between 2% and 2.125% if Regions shares close at or above the barrier price, 75% of the initial share price, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any quarterly observation date beginning Nov. 14, 2017.

If the notes are not called and the shares finish at or above the 75% trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for each 1% decline of Regions stock from its initial level.

Deutsche Bank Securities Inc. is the agent.

The notes (Cusip: 25155MCX7) will price on Aug. 14 and settle on Aug. 17.

© 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.