New Issue: Deutsche Bank prices $3.36 million capped return enhanced notes on Euro Stoxx 50

By Tali Rackner

Norfolk, Va., June 22 – Deutsche Bank AG, London Branch priced $3.36 million of 0% capped return enhanced notes due July 6, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus three times the index return, up to a maximum return of 26.1%.

If the index return is negative, investors will have one-to-one exposure to the decline.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$3.36 million
Maturity:	July 6, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus three times index return, up to maximum return of 26.1%; if index return is negative, one-to-one exposure to decline
Initial index level:	2,849.17
Final index level:	Average of index’s closing levels on five trading days ending June 30, 2017
Pricing date:	June 17
Settlement date:	June 22
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152R3S0

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