New Issue: Deutsche Bank prices $12.8 million 5.6% securities tied to index, fund

By Toni Weeks

San Luis Obispo, Calif., Feb. 17 – Deutsche Bank AG, London Branch priced $12.8 million of 5.6% securities due March 2, 2016 linked to the least performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par if each underlying component finishes at or above the 85% knock-out level.

If either component falls by more than 15%, investors will lose 1.17647% for each 1% decline of the worst-performing underlying component beyond the 15% buffer.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Securities
Underlyings:	iShares MSCI EAFE ETF and Russell 2000 index
Amount:	$12.8 million
Maturity:	March 2, 2016
Coupon:	5.6%, payable monthly
Price:	Par
Payout at maturity:	Par if each underlying component finishes at or above knock-out level; otherwise, 1.17647% loss for each 1% decline of worst-performing component beyond 15% buffer
Initial levels:	$63.39 for fund, 1,216.266 for index
Knock-out levels:	$53.88 for fund, 1,033.826 for index, 85% of initial levels
Pricing date:	Feb. 12
Settlement date:	Feb. 18
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	2515A1MD0

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