New Issue: Deutsche Bank sells $12.24 million capped return enhanced notes linked to Euro Stoxx

By Susanna Moon

Chicago, Aug. 27 – Deutsche Bank AG, London Branch priced $12.24 million of 0% capped return enhanced notes due Sept. 10, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 21.3%.

Investors will be exposed to any losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped return enhanced notes
Underlying index:	Euro Stoxx 50 index
Amount:	$12,242,000
Maturity:	Sept. 10, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 21.3%; exposure to any losses
Initial level:	3,098.50
Pricing date:	Aug. 22
Settlement date:	Aug. 27
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	25152RPB3

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