By Toni Weeks
San Luis Obispo, Calif., May 30 - Deutsche Bank AG, London Branch priced $3.8 million of 0% digital return notes due Aug. 3, 2015 linked to WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
If the final price of WTI crude oil futures contracts is greater than or equal to the trigger price, 82% of the initial price, the payout at maturity will be par plus the digital return of 10%.
If the final price is less than the trigger price, investors will be fully exposed to losses from the initial price.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Digital return notes
|
| Underlying commodity: | WTI crude oil futures contracts
|
| Amount: | $3.8 million
|
| Maturity: | Aug. 3, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10% if final price of WTI crude oil is greater than or equal to trigger price; otherwise full exposure to losses
|
| Initial price: | $103.58
|
| Trigger price: | $84.94, 82% of initial price
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.2%
|
| Cusip: | 25152RKM4
|
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