Deutsche Bank to price phoenix autocallable securities linked to oil

By Angela McDaniels

Tacoma, Wash., Sept. 17 - Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due Oct. 2, 2013 linked to the performance of the nearby month's Brent crude oil futures contract as traded on the IntercontinentalExchange, according to an FWP filing with the Securities and Exchange Commission.

If the futures contract closes at or above the threshold price - 80% of the initial price - on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 15% per year. Otherwise, no coupon will be paid that quarter.

If the futures contract closes at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and the futures contract finishes at or above the threshold price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the decline from the initial price.

The notes are expected to price Sept. 21 and settle Sept. 26.

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

The Cusip number is 2515A1NV9.

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