Deutsche Bank plans capped return enhanced notes on SPDR S&P Bank ETF

By Marisa Wong

Morgantown, W.Va., July 6 – Deutsche Bank AG, London Branch plans to price 0% 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.

If the fund return is positive, the payout at maturity will be par plus double the fund gain, subject to a maximum return of 21.2%.

Investors will be fully exposed to any losses.

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

The notes will price on July 7.

The Cusip is 25155MCF6.

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