New Issue: Deutsche Bank prices $816,000 capped BUyS linked to equity basket

By Toni Weeks

San Diego, May 22 - Deutsche Bank AG, London Branch priced $816,000 of 0% capped buffered underlying securities due May 25, 2016 linked to a basket of equity components, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund, equally weighted.

The payout at maturity will be par plus 1.25 times any basket gain, subject to a maximum return of 70%.

Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% decline beyond 20%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped buffered underlying securities
Underlying components:	S&P 500 index, Russell 2000 index and iShares MSCI EAFE index fund, equally weighted
Amount:	$816,000
Maturity:	May 25, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any basket gain, capped at 70%; par if basket declines by 20% or less; 1% loss per 1% drop beyond 20%
Initial levels:	1,295.22 for S&P 500, 747.21 for Russell, $48.13 for iShares MSCI EAFE
Pricing date:	May 18
Settlement date:	May 25
Agent:	Deutsche Bank Securities Inc.
Fees:	2.75%
Cusip:	2515A1JQ5

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