Deutsche Bank plans buffered return enhanced notes on crude futures

By Susanna Moon

Chicago, Oct. 11 - Deutsche Bank AG, London Branch plans to price 0% return enhanced notes due Oct. 24, 2012 linked to Brent crude futures contracts, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will act as agents.

The payout at maturity will be par plus 2.74 times any gain in the price of crude, up to a maximum return of at least 27.4%. The exact cap will be set at pricing.

Investors will receive par if the price of crude falls by up to 15% and will lose 1.17647% for every 1% drop beyond the trigger.

The notes will price on Oct. 14 and settle on Oct. 19.

The Cusip is 2515A1DQ1.

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