New Issue: Deutsche Bank prices $3.44 million knock-out notes linked to Euro Stoxx

By Susanna Moon

Chicago, Aug. 26 – Deutsche Bank AG, London Branch priced $3.44 million of 0% knock-out notes due March 1, 2017 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 the index return.

If the index falls by up to the knock-out level, 84.4% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$3.44 million
Maturity:	March 1, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return; if index falls by up to knock-out level, par; otherwise, full exposure to losses
Initial level:	3,247.26
Knock-out level:	2,740.69, 84.4% of initial level
Pricing date:	Aug. 21
Settlement date:	Aug. 26
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	25152RM83

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