New Issue: Deutsche Bank prices $4.35 million capped BUyS linked to S&P 500

By Susanna Moon

Chicago, March 16 – Deutsche Bank AG, London Branch priced $4.35 million of 0% capped buffered underlying securities due Jan. 14, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 17.5%.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped buffered underlying securities
Underlying index:	S&P 500
Amount:	$4.35 million
Maturity:	Jan. 14, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 17.5%; par if index declines by 20% or less; 1.25% loss per 1% drop beyond 20%
Initial level:	2,362.98, index closing level on strike date
Barrier level:	80% of initial level
Strike date:	March 8
Pricing date:	March 9
Settlement date:	March 14
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25155MAF8

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