Deutsche Bank to price two-year notes linked to Bloomberg Commodity

By Marisa Wong

Morgantown, W.Va., Jan. 31 – Deutsche Bank AG, London Branch plans to price 0% notes due Feb. 6, 2020 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be 96.36% of par plus any index gain. If the index finishes flat or falls, the payout will be 96.36% of par. Investors will receive a positive return only if the index gains by at least 3.64%, but investors will receive at least 96.36% of par at maturity.

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

The notes will price on Feb. 2.

The Cusip number is 25155MHX2.

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