Deutsche Bank plans optimal entry notes tied to SPDR S&P Bank ETF

By Marisa Wong

Morgantown, W.Va., July 6 – Deutsche Bank AG, London Branch plans to price 0% optimal entry capped return enhanced notes due July 25, 2018 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The lookback price will be the fund’s lowest closing price during the period from the pricing date to and including Aug. 4.

If the fund finishes above the lookback price, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of at least 14.475%. The exact cap will be set at pricing.

If the fund finishes at the lookback price, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline below the lookback price.

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

The notes will price on July 7.

The Cusip is 25155MCE9.

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