New Issue: Deutsche Bank prices $1.12 million digital return notes linked S&P 500

By Susanna Moon

Chicago, June 24 – Deutsche Bank AG, London Branch priced $1.12 million of 0% digital return notes due Oct. 4, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 90% barrier level, the payout at maturity will be par plus the digital return of 8.2%.

Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying index:	S&P 500
Amount:	$1,115,000
Maturity:	Oct. 4, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 90% barrier level, par plus 8.2%; otherwise, 1.1111% loss per 1% drop beyond 10%
Initial level:	2,085.45
Barrier level:	1,876.91, 90% of initial level
Pricing date:	June 22
Settlement date:	June 27
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.12%
Cusip:	25152R3Z4

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