New Issue: Deutsche Bank prices $2.08 million optimal entry capped return notes linked to gold

By Susanna Moon

Chicago, Sept. 21 – Deutsche Bank AG, London Branch priced $2.08 million of 0% optimal entry return notes due March 22, 2018 linked to the price of gold, according to a 424B3 filing with the Securities and Exchange Commission.

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

The lookback level will be the index's lowest closing level for the period from pricing through Oct. 19.

If the price of gold finishes above the lookback level, the payout at maturity will be par plus the gain, up to a maximum return of 20%.

Investors will be exposed to any losses.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Optimal entry return notes
Underlying asset:	Gold
Amount:	$2,075,000
Maturity:	March 22, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If gold closes above lookback level, par plus gain, capped at 20%; otherwise, 1% loss for every 1% drop beyond lookback level
Lookback level:	Lowest closing level of index from pricing through Oct. 19
Price at trading:	$1,314.85
Pricing date:	Sept. 19
Settlement date:	Sept. 22
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152R5M1

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