New Issue: Deutsche Bank prices $1.1 million review notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, July 14 – Deutsche Bank AG, London Branch priced $1.1 million of 0% review notes due July 13, 2017 linked to 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 annualized premium of 13.1% per year if the index closes at or above its initial level on any semiannual review date after the first year.

The payout at maturity will be par unless the index finishes below the 90% trigger level, in which case investors will be fully exposed to any losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Review notes
Underlying index:	Euro Stoxx 50
Amount:	$1.1 million
Maturity:	July 13, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless the index falls by more than 10%, in which case investors will be fully exposed to any losses
Call:	At par plus an annualized premium of 13.1% if the index closes at or above its initial level on July 22, 2016, Jan. 10, 2017 or July 10, 2017
Initial level:	3,528.81
Trigger level:	3,175.93, 90% of initial level
Contingent buffer:	20%
Pricing date:	July 10
Settlement date:	July 15
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152RK28

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