New Issue: Deutsche Bank sells $7.39 million of performance securities on S&P 500

By Marisa Wong

Madison, Wis., Dec. 27 - Deutsche Bank AG, London Branch priced $7.39 million of 0% performance securities with contingent protection due Dec. 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 123% of any increase in the index. Investors will receive par if the index declines by 50% or less and will receive par plus the index return if it declines by more than 50%.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Performance securities with contingent protection
Underlying index:	S&P 500 index
Amount:	$7,390,840
Maturity:	Dec. 29, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 123% of any index gain; par if index return is between zero and negative 50%; par plus index return if return is less than negative 50%
Initial index level:	1,258.84
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	3.5%
Cusip:	25154P741

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