Deutsche Bank plans review notes tied to Brent crude futures contracts

By Toni Weeks

San Diego, Jan. 23 - Deutsche Bank AG, London Branch plans to price 0% review notes due Aug. 1, 2012 linked to Brent crude futures contracts, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of at least 4.5% if the price of Brent crude futures contracts closes at or above 95% of the initial price on any review date. The review dates are every business date from April 27 to July 27, inclusive. The exact call premium will be set at pricing.

If the notes are not called, the payout at maturity will be par if the final contracts price is at least 80% of the initial price. Otherwise, investors will lose 1% for every 1% that the price drops from the initial price.

The notes (Cusip: 2515A1GK1) are expected to price Jan. 27 and settle Feb. 1.

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

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