Deutsche Bank plans review notes linked to WTI crude via JPMorgan

By Marisa Wong

Madison, Wis., June 3 - Deutsche Bank AG, London Branch plans to price 0% review notes due July 9, 2015 linked to WTI crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 10% if the futures contracts price closes at or above the call price on any quarterly review date. The call price will equal the initial price on the first review date, 97.5% of the initial price on the second review date, 92.5% of the initial price on the third review date and 85% of the initial price on the final review date.

If the notes are not called and the final price is less than the 80% trigger price, the payout at maturity will be par plus the return, with full exposure to losses. Otherwise, the payout will be par.

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

The notes are slated to price on June 6 and settle on June 1.

The Cusip number is 25152RKU6.

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