New Issue: Deutsche Bank sells $14.6 million call warrants linked to Euro Stoxx 50

By Marisa Wong

Madison, Wis., Dec. 27 - Deutsche Bank AG, London Branch priced 14,598 0% call warrants expiring Dec. 24, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The issue price per warrant is equal to the warrant premium, which is $111.60 per $1,000 warrant.

On the expiration date, the warrants will be automatically exercised and holders will be entitled to receive a cash payment per warrant equal to the cash settlement amount, which could be zero.

If the final index level is greater than the initial level, the cash settlement amount will equal the index return. Otherwise, the settlement amount will be zero.

Barclays is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Call warrants
Underlying index:	Euro Stoxx 50 index
Warrants:	14,598
Amount:	$14,598,000
Expiration:	Dec. 24, 2015
Coupon:	0%
Price:	$111.60 per $1,000 warrant
Payment at expiration:	Cash settlement amount; if final index level is greater than initial level, cash settlement amount will equal index return, otherwise, settlement amount will be zero
Initial level:	2,651.09
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	Barclays
Fees:	0.83%
Cusip:	25154S570

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