Deutsche Bank plans capped return enhanced notes on oil and gas stocks

By Toni Weeks

San Luis Obispo, Calif., Dec. 10 – Deutsche Bank AG, London Branch plans to price 0% capped return enhanced notes due Dec. 30, 2015 linked to a basket of three equally weighted stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket components are EOG Resources, Inc., Pioneer Natural Resources Co. and Schlumberger NV.

If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum return of 28%. If the basket return is negative, investors will be fully exposed to the decline.

The final basket level will be the average of the basket levels on the five trading days ending Dec. 24, 2015.

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

The notes are expected to price Dec. 12 and settle Dec. 17.

The Cusip number is 25152RTM5.

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