New Issue: Deutsche Bank prices $775,850 trigger performance notes on Russell 2000

By Marisa Wong

Madison, Wis., May 4 – Deutsche Bank AG, London Branch priced $775,850 of 0% trigger performance securities due April 30, 2019 linked to the Russell 2000 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 of $10 plus 131.5% of the index return. Investors will receive par if the index falls by up to 20% and will be fully exposed to losses from the initial level if it falls by more than 20%.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger performance securities
Underlying index:	Russell 2000
Amount:	$775,850
Maturity:	April 30, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 131.5% of index return; par if index falls by up to 20%; full exposure to losses from initial level if index falls by more than 20%
Initial level:	1,252.700
Trigger level:	1,002.160, 80% of initial level
Pricing date:	April 27
Settlement date:	April 30
Agent:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25190G549

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