New Issue: Deutsche Bank sells $1 million digital return notes linked to JD.com

By Marisa Wong

Morgantown, W.Va., Nov. 17 – Deutsche Bank AG, London Branch priced $1 million of 0% digital return notes due Nov. 28, 2018 linked to the American Depositary Shares of JD.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the shares finish at or above the trigger price, 80% of the initial price, the payout at maturity will be par plus the digital return of 14.5%. Otherwise, investors will lose 1% for every 1% share price decline from the initial price.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying ADS:	JD.com, Inc. (Symbol: JD)
Amount:	$1 million
Maturity:	Nov. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the shares finish at or above the trigger price, par plus 14.5%; otherwise, 1% loss for every 1% share price decline from the initial price
Initial price:	$39.96
Trigger price:	$31.97, 80% of initial price
Pricing date:	Nov. 10
Settlement date:	Nov. 15
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	25155MFR7

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