New Issue: Deutsche Bank prices $17.68 million trigger performance notes on Vanguard FTSE EM

By Marisa Wong

Madison, Wis., April 29 - Deutsche Bank AG, London Branch priced $17.68 million of 0% trigger performance securities due April 30, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 143.2% of the fund return.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial level if it falls more than 25%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger performance securities
Underlying fund:	Vanguard FTSE Emerging Markets ETF
Amount:	$17,683,410
Maturity date:	April 30, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 143.2% of fund return if fund gains; par if fund falls by up to 25%; otherwise, full exposure to losses
Initial share price:	$40.46
Trigger price:	$30.35, 75% of the initial price
Pricing date:	April 25
Settlement date:	April 30
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	25155Q839

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