New Issue: Deutsche Bank prices $4.56 million capped leveraged notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Deutsche Bank AG, London Branch priced $4.56 million of 0% capped leveraged notes due Jan. 28, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the lookback level, the payout at maturity will be par plus two times the index return, subject to a maximum return of 70.5%. Otherwise, investors will lose 1% for every 1% that the final index level is less than the lookback level.

The lookback level will be the lowest closing level of the index from the trade date to July 25.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$4,555,000
Maturity:	Jan. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than lookback level, par plus two times index return, subject to maximum return of 70.5%; otherwise, 1% loss for every 1% that final index level is less than lookback level
Lookback level:	Index’s lowest closing level from trade date to July 25
Trade date:	Jan. 25
Settlement date:	Jan. 30
Agent:	Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25152R6R9

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