New Issue: Deutsche Bank prices $4.2 million 5.07% securities tied Russell, ETF

By Wendy Van Sickle

Columbus, Ohio, May 19 – Deutsche Bank AG, London Branch priced $4.2 million of 5.07% digital return notes due Nov. 21, 2018 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the lesser-performing asset closes at or above its 80% knock-out level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% the lesser-performing asset falls below the knock-out level.

Deutsche Bank Securities is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Securities
Underlying assets:	Russell 2000, iShares MSCI EAFE ETF
Amount:	$4.2 million
Maturity:	Nov. 21, 2018
Coupon:	5.07%, payable monthly
Price:	Par
Payout at maturity:	If each asset finishes at or above 80% knock-out level, par; otherwise, 1.25% loss per each 1% worse-performing asset falls below knock-out level
Initial levels:	1,393.923 for index, $65.57 for ETF
Knock-out levels:	1,115.138 for index, $52.46 for ETF; 80% of initial levels
Pricing date:	May 16
Settlement date:	May 19
Underwriter:	Deutsche Bank Securities Inc.
Fees:	0%
Cusip:	25155MAX9

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