Deutsche Bank to price review notes linked to S&P GSCI Brent Crude

By Jennifer Chiou

New York, June 28 - Deutsche Bank AG, London Branch plans to price 0% review notes due July 9, 2012 linked to the S&P GSCI Brent Crude Oil Index Excess Return, according to an FWP with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium if the index closes at or above the initial index level on Oct. 3, Jan. 3, 2012, April 2, 2012 or July 3, 2012. The call premium is expected to be 24.5% per year and will be set at pricing.

If the notes are not called, the payout at maturity will be par if the final index level is at least 90% of the initial level. Otherwise, investors will lose 1% for every 1% that the index declines from the initial level.

The notes (Cusip: 2515A18P9) will price on July 1 and settle on July 7.

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

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