Deutsche Bank plans capped knock-out notes linked to WTI crude oil

By Jennifer Chiou

New York, Aug. 6 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Dec. 18, 2015 linked to WTI crude oil futures contracts, according to an FWP with the Securities and Exchange Commission.

A knock-out event occurs if the final price of WTI crude oil has decreased from the initial price by more than 15%.

If a knock-out event does not occur, the payout at maturity will be par plus the greater of the 7% contingent minimum return and 200% of the return, capped at 14.5%.

If a knock-out event occurs, investors will be fully exposed to the decline.

The notes (Cusip: 25152RNM1) will price on Aug. 8 and settle on Aug. 13.

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

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