New Issue: Deutsche Bank prices $15.2 million leveraged buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., June 20 – Deutsche Bank AG, London Branch priced $15.2 million of 0% notes due Aug. 25, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index gain, subject to a maximum return of 10.96%. Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that the index declines beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Notes
Underlying index:	S&P 500
Amount:	$15,199,570
Maturity:	Aug. 25, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum settlement amount of $11.096 per $10 principal amount; par if index declines by 5% or less; 1% loss for every 1% that index declines beyond 5%
Initial index level:	2,077.99
Threshold level:	1,974.09, 95% of initial level
Pricing date:	June 16
Settlement date:	June 24
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	25156D225

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