New Issue: Deutsche Bank prices $340,000 digital return notes linked to Euro Stoxx Banks

By Susanna Moon

Chicago, Oct. 8 – Deutsche Bank AG, London Branch priced $340,000 of 0% digital return notes due Oct. 21, 2015 linked to the Euro Stoxx Banks 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 the digital return of 14.9%.

If the index falls but finishes above the 85% trigger 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:	digital return notes
Underlying index:	Euro Stoxx Banks index
Amount:	$340,000
Maturity:	Oct. 21, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 14.9%; if index falls by up to trigger level, par; otherwise, par plus return with full exposure to losses
Initial level:	145.78
Trigger level:	123.91, 85% of initial level
Pricing date:	Oct. 3
Settlement date:	Oct. 8
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	25152RRE5

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