By Jennifer Chiou
New York, Sept. 30 – Deutsche Bank AG, London Branch priced $2,114,000 of 0% review notes due Oct. 14, 2015 linked to WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 12% if the futures contract price closes at or above the initial price on a quarterly review date.
The payout at maturity will be par if the price of crude finishes at or above the 90% trigger level.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Review notes
|
| Underlying asset: WTI crude oil futures contracts
|
| Amount: | $2,114,000
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| Maturity: | Oct. 14, 2015
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if crude finishes at or above the trigger level; otherwise, full exposure to losses
|
| Call: | At par plus 12% per year if futures contract price closes at or above initial price on a quarterly review date
|
| Initial price: | $92.53
|
| Trigger price: | $83.28, 90% of the initial price
|
| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
|
| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 25152RQU0
|
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