New Issue: Deutsche prices $570,000 return enhanced notes tied to Euro Stoxx Banks

By Jennifer Chiou

New York, July 30 – Deutsche Bank AG, London Branch priced $570,000 of 0% return enhanced notes due Aug. 12, 2015 linked to the Euro Stoxx Banks 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 plus 200% of the index return, subject to a maximum return of 26.7%. If the index return is negative, investors will be fully exposed to the decline.

The final index level will be the average of the index’s closing levels on the five trading days ending Aug. 7, 2015.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return enhanced notes
Underlying index:	Euro Stoxx Banks
Amount:	$570,000
Maturity:	Aug. 12, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum return of 26.7%; if index return is negative, full exposure to decline
Initial index level:	147.21
Final index level:	Average of index’s closing levels on five trading days ending Aug. 7, 2015
Pricing date:	July 25
Settlement date:	July 30
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152RMT7

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