Deutsche Bank plans digital return notes tied to WTI crude oil futures

By Susanna Moon

Chicago, July 15 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Aug. 5, 2015 linked to the WTI crude oil futures contracts, according to an FWP with the Securities and Exchange Commission.

If crude finishes at or above the 94.25% barrier level, the payout at maturity will be par plus the digital return of 10%.

If crude falls by up to 15%, the payout will be par.

Otherwise, 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 18 and settle on July 23.

The Cusip number is 25152RMG5.

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