Deutsche Bank plans digital return notes tied to WTI crude oil futures

By Jennifer Chiou

New York, July 23 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Aug. 12, 2015 linked to the WTI crude oil futures contracts, according to an FWP with the Securities and Exchange Commission.

If crude finishes at or above the 95% barrier level, the payout at maturity will be par plus the digital return of 10%.

If crude falls by up to 20%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 25152RMM2) are expected to price on July 25 and settle on July 30.

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

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