New Issue: Deutsche Bank prices $14.57 million Stars on basket of three indexes

By Marisa Wong

Morgantown, W.Va., Sept. 4 – Deutsche Bank AG, London Branch priced $14.57 million of 0% Strategic Accelerated Redemption Securities due Aug. 27, 2021 linked to a basket holding approximately equal weights of the S&P 500 index, the Euro Stoxx 50 index and the Nikkei Stock Average index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 8.1% per year if the basket closes at or above its initial level on any annual call observation date.

The payout at maturity will be par unless the basket falls by more than 5%, in which case investors will lose 1% for every 1% that the basket declines beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying indexes:	S&P 500 (33.34% weight), Euro Stoxx 50 (33.33% weight) and Nikkei Stock Average (33.33% weight)
Amount:	$14,574,998.75
Maturity:	Aug. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless basket falls by more than 5%, in which case 1% loss for every 1% decline beyond 5%
Call:	At par plus a call premium of 8.1% per year if each index closes at or above its initial level on any annual call observation date
Pricing date:	Aug. 27
Settlement date:	Sept. 3
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	25190J386

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