New Issue: Deutsche Bank sells $2.82 million digital return notes on crude oil

By Wendy Van Sickle

Columbus, Ohio, May 3 – Deutsche Bank AG, London Branch priced $2.82 million of 0% digital return notes due July 2, 2019 linked to the WTI Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the trigger price, 60% of the initial price, the payout at maturity will be par plus the digital return of 9.2%. Otherwise, investors will lose 1% for every 1% that the fund declines from its initial level.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying fund:	WTI Crude Oil Futures Contracts
Amount:	$2.82 million
Maturity:	July 2, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the final fund level is greater than or equal to the trigger level, par plus 9.2%; otherwise, 1% loss for every 1% that the fund declines from its initial level
Initial level:	$68.10
Trigger level:	$40.86, 60% of initial level
Final level:	Average of closing levels on five averaging dates ending June 27, 2019
Pricing date:	April 27
Settlement date:	May 2
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25155MKX8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.