New Issue: Deutsche Bank prices $639,000 leveraged buffered notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Oct. 1 – Deutsche Bank AG, London Branch priced $639,000 of 0% capped leveraged buffered notes due Aug. 17, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 1.5 times the ETF return, subject to a maximum return of 33.9%. If the ETF declines by up to 12.5%, the payout will be par. Otherwise, investors will lose 1.14286% for every 1% that the ETF declines beyond 12.5%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$639,000
Maturity:	Aug. 17, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than initial share price, par plus 1.5 times ETF return, subject to maximum return of 33.9%; if ETF declines by up to 12.5%, par; otherwise, 1.14286% loss for every 1% that ETF declines beyond 12.5%
Initial share price:	$32.40
Pricing date:	Sept. 25
Settlement date:	Oct. 2
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25152RR39

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