New Issue: Deutsche Bank prices $15.72 million buffered digital notes linked to iShares MSCI Germany

By Angela McDaniels

Tacoma, Wash., Sept. 25 – Deutsche Bank AG, London Branch priced $15.72 million of 0% buffered digital notes due Sept. 26, 2016 linked to the iShares MSCI Germany exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than or equal to negative 10%, the payout at maturity will be $1,115.50 per $1,000 principal amount of notes. If the ETF return is less than negative 10%, investors will lose 1.1111% for every 1% that the ETF declines beyond 10%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered digital notes
Underlying ETF:	iShares MSCI Germany ETF
Amount:	$15.72 million
Maturity:	Sept. 26, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is greater than or equal to negative 10%, $1,115.50 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that ETF declines beyond 10%
Initial share price:	$28.624
Pricing date:	Sept. 23
Settlement date:	Sept. 30
Agent:	Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25152RQK2

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