New Issue: Deutsche Bank prices $2.41 million autocallable notes on S&P 500, Euro Stoxx 50

By Susanna Moon

Chicago, March 28 - Deutsche Bank AG, London Branch priced $2.41 million of 0% autocallable securities due March 30, 2017 linked to the worse performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 12.6% if each underlying index closes at or above its initial level on any annual review date.

If the notes are not called and the each index finishes at or above the 80% knock-in level, the payout at maturity will be par.

Otherwise, the payout will be par plus the return of the lower performing index, with full exposure to any losses.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 index and Euro Stoxx 50 index
Amount:	$2,412,000
Maturity:	March 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above barrier level, par; otherwise, par plus return of worse performing index, with full exposure to losses
Call:	At par plus 12.6% annualized if each underlying index closes at or above its initial level on any annual review date
Initial levels:	1,852.56 for S&P, 3,130.17 for Euro Stoxx
Knock-in levels:	1,482.05 for S&P, 2,504.14 for Euro Stoxx; 80% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Agent:	Deutsche Bank Securities Inc.
Fees:	2.25%
Cusip:	25152RJE4

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