New Issue: Deutsche Bank sells $1.94 million digital return notes on WTI crude oil

By Marisa Wong

Madison, Wis., June 10 – Deutsche Bank AG, London Branch priced $1.94 million of 0% digital return notes due July 9, 2015 linked to the performance of WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

If the final futures contract price is greater than or equal to the trigger price, 84% of the initial price, the payout at maturity will be par plus the digital return of 10%. Otherwise, the payout will be par plus the underlying return, with full exposure to losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying asset:	WTI crude oil futures contracts
Amount:	$1.94 million
Maturity:	July 9, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final futures contract price is greater than or equal to trigger price, par plus digital return of 10%; otherwise, par plus underlying return, with full exposure to losses
Initial price:	$102.66
Trigger price:	$86.23, 84% of initial price
Final price:	Average of closing prices on five trading days ending July 6, 2015.
Pricing date:	June 6
Settlement date:	June 11
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	0.85%
Cusip:	25152RKV4

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