New Issue: Deutsche Bank prices $2.61 million uncapped BUyS linked to S&P 500

By Susanna Moon

Chicago, May 7 – Deutsche Bank AG, London Branch priced $2.61 million of 0% uncapped buffered underlying securities due May 6, 2019 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 115.2% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Uncapped buffered underlying securities
Underlying index:	S&P 500
Amount:	$2,612,000
Maturity:	May 6, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 115.2% of any index gain; par if index declines by 20% or less; 1.25% loss per 1% drop beyond 20%
Initial level:	2,108.29
Buffer level:	80% of initial level
Pricing date:	May 1
Settlement date:	May 6
Agent:	Deutsche Bank Securities Inc.
Fees:	0.25%
Cusip:	25152RD91

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