New Issue: Deutsche Bank prices $5.81 million trigger step performance notes on Euro Stoxx

By Marisa Wong

Madison, Wis., June 27 – Deutsche Bank AG, London Branch priced $5.81 million 0% trigger step performance securities due June 29, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 39.34% step return and the index return.

Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls more than 25%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger step performance securities
Underlying index:	Euro Stoxx 50
Amount:	$5,809,500
Maturity:	June 29, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 39.34%; par if index falls by 25% or less; full exposure to losses if index falls more than 25%
Initial level:	3,233.19
Trigger level:	2,424.89, 75% of initial level
Pricing date:	June 26
Settlement date:	June 30
Agents:	Deutsche Bank Securities Inc. and UBS Financial Services Inc.
Fees:	3%
Cusip:	25155Q235

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