New Issue: Deutsche Bank prices $10.53 million contingent minimum notes on iShares U.S. Real Estate ETF

By Toni Weeks

San Luis Obispo, Calif., Sept. 8 – Deutsche Bank AG, London Branch priced $10.53 million of 0% contingent minimum notes due Sept. 7, 2018 linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 44.5%.

Investors will be exposed to any losses.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Contingent minimum notes
Underlying fund:	iShares U.S. Real Estate ETF
Amount:	$10,527,000
Maturity date:	Sept. 7, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is zero or positive, par plus greater of the gain and 44.5%; full exposure to any losses
Initial level:	$74.12
Pricing date:	Sept. 4
Settlement date:	Sept. 11
Agent:	Deutsche Bank Securities Inc.
Fees:	3.47%
Cusip:	25152RNZ2

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