Deutsche Bank plans review notes linked to WTI crude via JPMorgan

By Marisa Wong

Madison, Wis., July 30 – Deutsche Bank AG, London Branch plans to price 0% review notes due Aug. 19, 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 13.5% if the futures contract price closes at or above the initial price on any quarterly review date.

The payout at maturity will be par unless the futures contract price finishes below the 85% 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 Aug. 1 and settle on Aug. 6.

The Cusip number is 25152RMX8.

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