New Issue: Deutsche Bank prices $4.75 million capped buffered notes on MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., Nov. 15 - Deutsche Bank AG, London Branch priced $4.75 million of 0% capped buffered notes due Nov. 16, 2015 linked to the MSCI EAFE index, 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 the index return, subject to a maximum payout of $1,260 per $1,000 principal amount of notes. If the index return is zero or negative but not below negative 10%, the payout will be par. If the index return is less than negative 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped buffered notes
Underlying index:	MSCI EAFE
Amount:	$4,745,000
Maturity:	Nov. 16, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, with maximum payout of $1,260 per $1,000 of notes; par if index return is zero or negative but not below negative 10%; 1.1111% loss for every 1% decline beyond 10%
Initial index level:	1,842.64
Pricing date:	Nov. 13
Settlement date:	Nov. 20
Agent:	Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25152RFP3

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