New Issue: Deutsche Bank prices $2.75 million return enhanced notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Aug. 6 - Deutsche Bank AG, London Branch priced $2.75 million of 0% return enhanced notes due Aug. 21, 2014 linked to the Euro Stoxx 50 index and the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 28.5%.

Investors will be exposed to any losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return enhanced notes
Underlying index:	Euro Stoxx 50 index and the euro
Amount:	$2,745,000
Maturity:	Aug. 21, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 28.5%; full exposure to losses
Initial level:	3,733.85
Initial spot rate:	1.3283
Pricing date:	Aug. 2
Settlement date:	Aug. 7
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152REC3

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