New Issue: Deutsche Bank prices $10.77 million trigger performance securities tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Feb. 28 - Deutsche Bank AG, London Branch priced $10.77 million of 0% trigger performance securities due Feb. 29, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 220.86% of the index return.

Investors will receive par if the index falls by 50% or less and will be fully exposed to losses from the initial level if it falls by more than 50%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger performance securities
Underlying index:	Euro Stoxx 50
Amount:	$10,772,950
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 220.86% of any index gain; par if index falls by 50% or less; full exposure to losses if index finishes below trigger level
Initial index level:	3,148.19
Trigger level:	1,574.1, 50% of initial level
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	5%
Cusip:	25155P542

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