New Issue: Deutsche Bank sells $945,000 capped leveraged buffered notes on S&P 500

By Susanna Moon

Chicago, Jan. 22 – Deutsche Bank AG, London Branch priced $945,000 of 0% capped leveraged buffered notes due Jan. 25, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payment of $1,178.50 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500
Amount:	$945,000
Maturity:	Jan. 25, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 17.85%; par if index declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
Initial level:	2,022.55
Barrier level:	90% of initial level
Pricing date:	Jan. 20
Settlement date:	Jan. 27
Agent:	Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25152RTT0

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