New Issue: Deutsche Bank prices $10 million trigger step notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Nov. 6 – Deutsche Bank AG, London Branch priced $10 million of 0% trigger step securities due Nov. 4, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of 60% and the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger step securities
Underlying index:	Euro Stoxx 50
Amount:	$10 million
Maturity:	Nov. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of 60% and index return; par if index declines by 25% or less; full exposure to decline from initial level if index declines beyond 25%
Initial index level:	3,697.40 (closing level on Nov. 1)
Downside threshold:	2,773.05, 75% of initial level
Pricing date:	Nov. 2
Settlement date:	Nov. 7
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25190K680

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