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Prospect News home > News index > List of issuers W > Headlines for WTI crude oil futures contracts > News item |
Deutsche Bank plans review notes linked to WTI crude oil via JPMorgan
By Susanna Moon
Chicago, April 24 - Deutsche Bank AG, London Branch plans to price 0% review notes due July 31, 2015 linked to WTI crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 9.3% if the index closes at or above the initial level on any quarterly review date.
If the notes are not called, the payout at maturity will be par if index falls by up to 10%.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price on April 25 and settle on April 30.
The Cusip number is 25152RJX2.
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