New Issue: Deutsche Bank prices $3.15 million trigger performance notes on Russell

By Marisa Wong

Madison, Wis., May 30 - Deutsche Bank AG, London Branch priced $3.15 million of 0% trigger performance securities due May 31, 2024 linked to the Russell 2000 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 of $10 plus 136.97% of the index return.

Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if it falls more than 40%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger performance securities
Underlying index:	Russell 2000
Amount:	$3,146,300
Maturity date:	May 31, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 136.97% of index return if index gains; par if index falls by up to 40%; otherwise, full exposure to losses
Initial level:	1,142.201
Trigger level:	685.321, 60% of the initial level
Pricing date:	May 27
Settlement date:	May 30
Agents:	Deutsche Bank Securities Inc. and UBS Financial Services Inc.
Fees:	5%
Cusip:	25155Q573

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