New Issue: Deutsche Bank prices $10.11 million Stars linked to S&P 500 via BofA

By Marisa Wong

Morgantown, W.Va., Oct. 7 – Deutsche Bank AG, London Branch priced $10.11 million of 0% Strategic Accelerated Redemption Securities due Oct. 13, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 10.15% if the index closes at or above its initial level on March 30, June 29, 2017 or Oct. 6, 2017.

If the notes are not called, investors will have one-to-one exposure to the index’s decline at maturity.

BofA Merrill Lynch is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$10,109,970
Maturity:	Oct. 13, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	One-to-one exposure to index’s decline
Call:	At par plus 10.15% per year if index closes at or above initial level on March 30, June 29, 2017 or Oct. 6, 2017
Initial index level:	2,151.13
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Agent:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	25156D183

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