New Issue: Deutsche Bank prices $4.9 million capped gears linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 2 – Deutsche Bank AG, London Branch priced $4.9 million of 0% capped gears due Oct. 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus three times the index return, subject to a maximum return of 14.2%. If the index return is negative, investors will have one-to-one exposure to the decline.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped gears
Underlying index:	S&P 500
Amount:	$4,903,700
Maturity:	Oct. 31, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus three times index return, subject to 14.2% maximum return; one-to-one exposure to any index decline
Initial index level:	2,169.04
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25190F764

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