Deutsche Bank plans to price digital return notes linked to oil

By Angela McDaniels

Tacoma, Wash., Sept. 4 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Sept. 22, 2015 linked to West Texas Intermediate crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.

If the final price of oil is greater than or equal to the initial price of oil, the payout at maturity will be par plus 12.65%. If the final price is less than the initial price but greater than or equal to the trigger price, 90% of the initial price of oil, the payout will be par. If the final price is less than the trigger price, investors will be fully exposed to the decline from the initial price.

The final oil price will be the average of the closing prices of the underlying on the five trading days ending Sept. 17, 2015.

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

The notes are expected to price Sept. 5 and settle Sept. 10.

The Cusip number is 25152RPU1.

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