New Issue: Deutsche prices $3.46 million knock-out notes linked to Euro Stoxx 50

By Jennifer Chiou

New York, March 17 – Deutsche Bank AG, London Branch priced $3,459,000 of 0% knock-out notes due Sept. 21, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus any gain.

If the index falls by up to the 78.4% knock-out level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$3,459,000
Maturity:	Sept. 21, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return; if index falls by up to knock-out level, par; otherwise, par plus return with full exposure to losses
Initial level:	3,656.21
Knock-in level:	2,866.47, 78.4% of initial level
Pricing date:	March 13
Settlement date:	March 18
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	2515A1MS7

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