New Issue: Deutsche Bank prices $9.29 million knock-out notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Aug. 27 – Deutsche Bank AG, London Branch priced $9.29 million of 0% knock-out notes due Feb. 24, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus any index gain.

If the index falls but finishes above the 83% knock-out level, the payout will be par.

Otherwise, the payout will be par plus return with full exposure to losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Knock-out notes
Underlying index:	Euro Stoxx 50 index
Amount:	$9.29 million
Maturity:	Feb. 24, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return; if index falls by up to knock-out level, par; otherwise, par plus return with full exposure to losses
Initial level:	3,098.50
Knock-out level:	2,571.7, 83% of initial level
Pricing date:	Aug. 22
Settlement date:	Aug. 27
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	25152RPD9

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