New Issue: Deutsche Bank prices $1.57 million digital return notes tied to Mexican peso vs. euro

By Susanna Moon

Chicago, July 1 – Deutsche Bank AG, London Branch priced $1.57 million of 0% digital return notes due Dec. 31, 2015 linked to the Mexican peso relative to the euro, according to an FWP with the Securities and Exchange Commission.

If the currency finishes at or above the initial level, the payout at maturity will be par plus the digital return of 15.2%.

If the currency falls by up to 10%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying currency:	Mexican peso relative to euro
Amount:	$1,573,000
Maturity:	Dec. 31, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If currency gains, par plus 15.2%; if currency falls by up to 10%, par; otherwise, full exposure to any losses
Initial spot rate:	17.7303
Pricing date:	June 27
Settlement date:	July 2
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	25152RLM3

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