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Deutsche Bank plans bearish buffered return notes linked to WTI crude
By Marisa Wong
Morgantown, W.Va., March 16 – Deutsche Bank AG, London Branch plans to price 0% bearish buffered return enhanced notes due Sept. 22, 2016 linked to the performance of WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price is less than the initial price, the payout at maturity will be par plus 2.1 times the underlying return, up to a maximum return of 42%. The underlying return will be (a) the initial price minus the final price divided by (b) the initial price.
If the final price is greater than the initial price but not by more than 20%, the payout will be par.
If the final price is greater than the initial price by more than 20%, investors will lose 1.25% for every 1% gain beyond 20%.
JPMorgan Chase Bank, NA and JPMorgan Securities Inc. are the agents.
The notes will price on March 18 and settle on March 23.
The Cusip number is 2515A1N64.
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