New Issue: Deutsche Bank prices $9.79 million leveraged buffered notes linked to S&P, MSCI EAFE

By Angela McDaniels

Tacoma, Wash., July 24 – Deutsche Bank AG, London Branch priced $9.79 million of 0% capped leveraged buffered notes due May 26, 2016 linked to an equally weighted basket that includes the S&P 500 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 1.1 times the basket return, subject to a maximum settlement amount of $1,134.75 per $1,000 principal amount of notes. Investors will receive par if the basket falls by 10% or less and will lose 1.1111% for every 1% that the basket declines beyond 10%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying indexes:	S&P 500 and MSCI EAFE, equally weighted
Amount:	$9,794,000
Maturity:	May 26, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.1 times basket return, subject to maximum settlement amount of $1,134.75 per $1,000 principal amount of notes; par if basket falls by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
Initial levels:	1,983.53 for S&P 500 and 1,961.75 for MSCI EAFE
Pricing date:	July 22
Settlement date:	July 29
Agent:	Deutsche Bank Securities Inc.
Fees:	1.8%
Cusip:	25152RME0

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