New Issue: Deutsche Bank prices $6 million return enhanced notes linked to Bloomberg Commodity

By Angela McDaniels

Tacoma, Wash., Sept. 26 – Deutsche Bank AG, London Branch priced $6 million of 0% return enhanced notes due Sept. 27, 2019 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.73 times the index return. If the index return is negative, investors will have full exposure to the decline.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return enhanced notes
Underlying index:	Bloomberg Commodity Index 3 Month Forward
Amount:	$6 million
Maturity:	Sept. 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.73 times index return; if index return is negative, full exposure to index decline
Initial index level:	262.4719
Final index level: Average of index’s closing levels on five trading days ending Sept. 24, 2019
Pricing date:	Sept. 24
Settlement date:	Sept. 29
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.8%
Cusip:	25152RQQ9

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