New Issue: Deutsche Bank prices $2.18 million absolute return knock-out notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, Sept. 16 – Deutsche Bank AG, London Branch priced $2.18 million of 0% capped absolute return knock-out notes due March 22, 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, up to a maximum return of 18.8%.

If the index falls by up to the knock-out level, 81.2% of the initial level, the payout will be par plus the absolute value of the index return.

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:	Capped absolute return knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$2,175,000
Maturity:	March 22, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return, capped at 18.8%; if index falls by up to knock-out level, par plus absolute value of index return; otherwise, full exposure to losses
Initial level:	3,187.94
Knock-out level:	81.2% of initial level
Pricing date:	Sept. 11
Settlement date:	Sept. 16
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	25152RP64

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