Deutsche Bank plans digital return notes linked to silver and copper

New York, April 26 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Dec. 3, 2019 linked to the lesser performing of silver and copper, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performing commodity is greater than or equal to its trigger price, 70% of its initial level, the payout at maturity will be par plus the digital return of 9%.

Otherwise the notes will give exposure to the full decline of the lesser performing commodity.

The silver price will be the official price for delivery in London through a member of the LBMA.

For copper, the price will be last bid and offer price quoted during the second ring of the second session for copper-Grade A on the London Metal Exchanges.

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

The notes will price on April 27 and settle on May 2.

The Cusip number is 25155MMH1.

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