Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for WTI crude oil > News item |
Deutsche Bank to price capped knock-out notes linked to crude oil
By Angela McDaniels
Tacoma, Wash., Sept. 22 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out securities due Dec. 30, 2015 linked to the performance of WTI crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the price of oil closes below the knock-out price, 80% of the initial price, on any day during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of 5% and the oil return, subject to a maximum return that is expected to be 8% to 10% and will be set at pricing.
If a knock-out event does occur, the payout will be par plus the lesser of the oil return and the maximum return. In this case, investors can receive less than par.
Deutsche Bank Securities Inc. is the agent.
The notes are expected to price Sept. 23 and settle Sept. 26.
The Cusip number is 25152RQL0.
© 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.