New Issue: Deutsche Bank sells $5 million buffered return enhanced notes linked to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Oct. 12 – Deutsche Bank AG, London Branch priced $5 million of 0% buffered return enhanced notes due Oct. 8, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.346 times any index gain.

If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1.17647% for every 1% decline beyond the 15% buffer.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$5 million
Maturity:	Oct. 8, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.346 times any index gain; par if index falls by up to 15%; otherwise, 1.17647% loss for every 1% decline beyond the 15% buffer
Initial index level:	3,605.73
Final level:	Average of the closing index levels on the five trading days ending Oct. 3, 2019
Pricing date:	Oct. 3
Settlement date:	Oct. 6
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1.5%
Cusip:	25155MEJ6

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