New Issue: Deutsche Bank sells $1.35 million annual review notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Aug. 14 – Deutsche Bank AG, London Branch priced $1.35 million of 0% annual review notes due Aug. 7, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call premium of 8% if the index closes at or above the initial index level on any of three annual review dates.

If the notes are not called, the payout at maturity will be par unless the final index level is less than 68.36% of the initial level, in which case investors will lose 1% for every 1% decline below the initial level.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Annual review notes
Underlying index:	Euro Stoxx 50
Amount:	$1.35 million
Maturity:	Aug. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final index level is greater than or equal to trigger level; otherwise, full exposure to index decline from initial level
Call:	At par plus premium of 8% per year if index closes at or above call level on any of three annual review dates
Initial index level:	3,507.41
Trigger level:	2,397.67, 68.36% of initial level
Final level:	Average of the closing index levels on the five trading days ending Aug. 2, 2019
Pricing date:	Aug. 4
Settlement date:	Aug. 9
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1.5%
Cusip:	25155MCT6

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