Deutsche Bank to price two-year notes linked to Bloomberg Commodity

By Marisa Wong

Morgantown, W.Va., March 1 – Deutsche Bank AG, London Branch plans to price 0% notes due March 5, 2020 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be 95.66% of par plus any index gain. If the index finishes flat or falls, the payout will be 95.66% of par. Investors will receive a positive return only if the index gains by at least 4.34%, but investors will receive at least 95.66% of par at maturity.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

The notes will price on March 2.

The Cusip number is 25155MKA8.

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