Deutsche Bank plans capped knock-out notes linked to WTI crude oil

By Marisa Wong

Madison, Wis., Aug. 12 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Dec. 21, 2015 linked to WTI crude oil futures contracts, according to an FWP with the Securities and Exchange Commission.

A knock-out event occurs if the final price of WTI crude oil has decreased from the initial price by more than 15%.

If a knock-out event does not occur, the payout at maturity will be par plus the greater of the 5% contingent minimum return and 200% of the return, capped at 17.2%.

If a knock-out event occurs, investors will be fully exposed to the decline.

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

The notes will price on Aug. 15 and settle on Aug. 20.

The Cusip number is 25152RNW9.

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