New Issue: Deutsche Bank prices $1.14 million autocallable securities on Gilead

By Wendy Van Sickle

Columbus, Ohio, June 13 – Deutsche Bank AG, London Branch priced $1.14 million of 6% autocallable securities due June 14, 2017 linked to the common stock of Gilead Sciences, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be payable monthly.

The notes will be automatically called at par plus the coupon if the stock closes at or above its initial price on any quarterly observation date.

If the notes are not called and the final level of the stock is less than its initial level by no more than the 15% buffer, the payout at maturity will be par plus the coupon. Otherwise, investors will receive the coupon plus a number of Gilead shares proportionate to par minus the amount the shares fall below the buffer.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying stock:	Gilead Sciences, Inc.
Amount:	$1,142,000
Maturity:	June 14, 2017
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	If final level of the stock is less than its initial level by no more than 15%, par plus the coupon; otherwise, coupon plus Gilead shares diminished by amount shares fall beyond 15%
Call:	At par plus coupon if stock closes at or above initial price on a quarterly observation date
Initial price:	$85.77
Buffer price:	$72.90, 85% of initial price
Pricing date:	June 9
Settlement date:	June 14
Underwriter:	Deutsche Bank Securities Inc.
Fees:	0.94%
Cusip:	25152R3P6

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