New Issue: Deutsche Bank sells $1.99 million autocallable securities on index, ETF

By Marisa Wong

Morgantown, W.Va., Jan. 3 – Deutsche Bank AG, London Branch priced $1.99 million of 0% autocallable securities due June 27, 2019 linked to the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 9.5% per year if each asset closes at or above its initial level on any semiannual observation date.

If the return of each asset is at least negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the lesser performing asset beyond 20%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying assets:	iShares MSCI EAFE ETF and Russell 2000 index
Amount:	$1,987,000
Maturity:	June 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each asset is at least negative 20%, par; otherwise, investors will lose 1.25% for each 1% decline of least performing asset beyond 20%
Call:	At par plus 9.5% per year if each asset closes at or above its initial level on any semiannual observation date
Initial levels:	1,547.107 for index, $69.93 for ETF
Buffer levels:	1,237.686 for index, $55.94 for ETF, 80% of initial levels
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	Deutsche Bank Securities Inc.
Fees:	0.05%
Cusip:	25155MGS4

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