New Issue: Deutsche Bank prices $5 million contingent absolute return notes on Euro Stoxx

By Marisa Wong

Madison, Wis., July 6 – Deutsche Bank AG, London Branch priced $5 million of 0% contingent absolute return performance securities due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index return is positive, the payout at maturity will be par plus 137% of the index return.

If the index return is zero or negative and the final index level is at least 75% of the initial level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the 75% trigger level, investors will receive par plus the index return, with full exposure to losses.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. will be the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Contingent absolute return performance securities
Underlying index:	Euro Stoxx 50
Amount:	$5,001,200
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 137% of index return; if index return is zero or negative and final index level is greater than or equal to trigger level, par plus absolute value of index return; otherwise, full exposure to index’s decline
Initial index level:	3,621.37
Trigger level:	2,716.03, 75% of initial index level
Pricing date:	June 26
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	3.5%
Cusip:	25190H729

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