Deutsche Bank plans review notes linked to WTI crude via JPMorgan

By Susanna Moon

Chicago, July 22 – Deutsche Bank AG, London Branch plans to price 0% review notes due Aug. 12, 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 12% if crude closes at or above the initial level on any quarterly review date.

The payout at maturity will be par unless the price of crude finishes below the 80% trigger level, in which case investors will receive par plus the return with full exposure to losses.

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

The notes will price on July 25 and settle on July 30.

The Cusip number is 25152RMN0.

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