Deutsche Bank to price 0% return enhanced notes linked to S&P 500

By Jennifer Chiou

New York, July 30 – Deutsche Bank AG, London Branch plans to price 0% return enhanced notes due Aug. 19, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, subject to a maximum return of 13.2%.

Investors will be fully exposed to any losses.

The final index level will be the average of the closing index level on the five trading days ending Aug. 14, 2015.

The notes (Cusip: 25152RMZ3) are expected to price on Aug. 1 and settle on Aug. 6.

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

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