New Issue: Deutsche Bank prices $2.47 million Stars linked to S&P 500

By Tali Rackner

Norfolk, Va., Nov. 11 – Deutsche Bank AG, London Branch priced $2.47 million of 0% Strategic Accelerated Redemption Securities due Oct. 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level on any annual observation date, the notes will be called at par of $10 plus an annualized call premium of 8%.

If the notes are not called, investors will be fully exposed to losses.

Merrill Lynch & Co. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$2,469,000
Maturity:	Oct. 29, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If notes are not called, investors will be fully exposed to losses
Call:	At par plus an annualized call premium of 8% if the index closes at or above its initial level on any annual observation date, the notes will be called
Initial index level:	2,079.36
Pricing date:	Oct. 30
Settlement date:	Nov. 6
Agent:	Merrill Lynch & Co.
Fees:	2%
Cusip:	25190J311

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