Deutsche plans review notes linked to WTI crude oil via JPMorgan

By Jennifer Chiou

New York, July 16 – Deutsche Bank AG, London Branch plans to price 0% review notes due Aug. 5, 2015 linked to WTI crude oil futures contracts, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 14% if the final price closes at or above the initial price on any quarterly review date.

If the notes are not called, the payout at maturity will be par if the underlying asset falls by up to 15%.

Otherwise, investors will share in any losses if the final price declines beyond 15%.

The notes (Cusip: 25152RMH3) are expected to price on July 18 and settle on July 23.

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

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