New Issue: Deutsche prices $17.5 million capped BUyS on iShares Russell 2000 fund

By Jennifer Chiou

New York, Dec. 11 – Deutsche Bank AG, London Branch priced $17,502,000 of 0% capped buffered underlying securities due Jan. 14, 2016 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus the gain, capped at 16.7%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped buffered underlying securities
Underlying fund: iShares Russell 2000 exchange-traded fund
Amount:	$17,502,000
Maturity:	Jan. 14, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, capped at 16.7%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial price:	$118.21
Pricing date:	Dec. 9
Settlement date:	Dec. 12
Agent:	Deutsche Bank Securities Inc.
Fees:	0.1%
Cusip:	25152RTL7

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