New Issue: Deutsche Bank prices $12.46 million trigger performance notes tied to Euro Stoxx

By Marisa Wong

Madison, Wis., April 29 - Deutsche Bank AG, London Branch priced $12.46 million of 0% trigger performance securities due April 30, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 238% of the index return.

Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls more than 50%.

Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger performance securities
Underlying index:	Euro Stoxx 50
Amount:	$12,462,790
Maturity date:	April 30, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 238% of index return if index gains; par if index falls by up to 50%; otherwise, full exposure to losses
Initial level:	3,165.84
Trigger level:	1,582.92, 50% of the initial price
Pricing date:	April 28
Settlement date:	April 30
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	5%
Cusip:	25155Q847

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