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Deutsche Bank plans digital return notes tied to WTI crude oil
By Marisa Wong
Madison, Wis., May 8 - Deutsche Bank AG, London Branch plans to price 0% digital return notes due July 14, 2015 linked to WTI crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
If the final futures contracts price is greater than or equal to the trigger price, the payout at maturity will be par plus the digital return of 10%. The trigger price is expected to be 82.5% of the initial price and will be set at pricing.
If the final price is less than the trigger price, investors will be fully exposed to losses from the initial price.
The notes will price May 9 and settle May 14.
The Cusip number is 25152RKB8.
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