New Issue: Deutsche Bank prices $315,000 trigger enhanced notes linked to Stoxx Europe Low Beta

By Angela McDaniels

Tacoma, Wash., Oct. 31 – Deutsche Bank AG, London Branch priced $315,000 of 0% uncapped trigger enhanced participation securities due Nov. 2, 2017 linked to the Stoxx Europe Low Beta High Div 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 146% of the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline if it falls by more than 25%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Uncapped trigger enhanced participation securities
Underlying index:	Stoxx Europe Low Beta High Div 50
Amount:	$315,000
Maturity:	Nov. 2, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 146% of index return; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index’s decline
Initial index level:	208.38
Trigger level:	156.29, 75% of initial level
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	Deutsche Bank Securities Inc.
Fees:	2%Cusip:	25152RRP0

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