New Issue: Deutsche Bank prices $9.72 million digital return notes linked to dollar ICE swap rate

By Angela McDaniels

Tacoma, Wash., Sept. 12 – Deutsche Bank AG, London Branch priced $9.72 million of 0% digital return notes due Sept. 27, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the final reference rate is greater than or equal to the buffer level, 60% of the initial reference rate, the payout at maturity will be par plus 8%. Otherwise, investors will lose 1.6667% for every 1% that the reference rate’s decline exceeds 40%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying rate:	10-year U.S. dollar ICE swap rate
Amount:	$9.72 million
Maturity:	Sept. 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final reference rate is greater than or equal to buffer level, par plus 8%; otherwise, 1.6667% loss for every 1% that reference rate’s decline exceeds 40%
Initial reference rate:	1.512%
Buffer level:	0.9072%, 60% of initial rate
Pricing date:	Sept. 9
Settlement date:	Sept. 14
Agent:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152R6P3

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