By Susanna Moon
Chicago, Jan. 20 – Deutsche Bank AG, London Branch priced $20.67 million of 0% capped buffered underlying securities due Feb. 21, 2017 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 18%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Capped buffered underlying securities
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| Underlying fund: | iShares Russell 2000 exchange-traded fund
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| Amount: | $20.67 million
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| Maturity: | Feb. 21, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any fund gain, capped at 18%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
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| Initial price: | $100.08
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 21
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | 0.1%
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| Cusip: | 25152RZH9
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