Deutsche Bank plans to price review notes linked to WTI crude oil

By Toni Weeks

San Luis Obispo, Calif., Aug. 21 – Deutsche Bank AG, London Branch plans to price 0% review notes due Sept. 10, 2015 linked to WTI crude oil futures contracts, according to an FWP with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call premium of 11% if the commodity price on any of four quarterly review dates is greater than or equal to the initial price.

If the notes are not called and the final price is at least 90% of the initial price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline in the price from the initial level.

The notes (Cusip: 25152RPG2) are expected to price Aug. 22 and settle Aug. 27.

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

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