Deutsche Bank plans digital return notes linked to oil & gas ETF

By Marisa Wong

Morgantown, W.Va., June 15 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due July 5, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the trigger price, 75% of the initial price, the payout at maturity will be par plus the digital return of 9.85%. Otherwise, investors will lose 1% for every 1% that the fund declines from its initial level.

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

The notes will price on June 16.

The Cusip number is 25155MBV2.

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