Deutsche Bank plans high, low digital notes on banking, energy funds

By Susanna Moon

Chicago, Oct. 20 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Oct. 28, 2021 linked to the lesser performing of the SPDR S&P Regional Banking exchange-traded fund and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund finishes at or above its initial level, the payout at maturity will be par plus the high digital return of 42% to 48%.

If either fund falls but finishes at or above its 60% barrier level, the payout at maturity will be par plus the low digital return of 10%.

Otherwise, investors will be fully exposed to any losses of the worse performing fund.

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

The notes will price on Oct. 25.

The Cusip number is 25155MEY3.

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