By Susanna Moon
Chicago, Aug. 27 – Deutsche Bank AG, London Branch priced $1.35 million of 0% review notes due Sept. 10, 2015 linked to WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 11% if the futures contract price closes at or above the initial price on a quarterly review date.
The payout at maturity will be par if the price of crude finishes at or above the 90% trigger level.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Review notes
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Underlying asset: | WTI crude oil futures contracts
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Amount: | $1,345,000
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Maturity: | Sept. 10, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if crude finishes at or above the trigger level; otherwise, full exposure to losses
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Call: | At par plus 11% per year if futures contract price closes at or above initial price on a quarterly review date
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Initial price: | $93.65
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Trigger price: | $84.29, 90% of the initial price
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Pricing date: | Aug. 22
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Settlement date: | Aug. 27
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA (placement)
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Fees: | 1%
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Cusip: | 25152RPG2
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