New Issue: Deutsche Bank prices $11.3 million 6% autocallables tied to index, fund

By Susanna Moon

Chicago, June 9 – Deutsche Bank AG, London Branch priced $11.3 million of 6% autocallable securities due Sept. 9, 2016 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus the coupon if each underlying component closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either component finishes below the 80% barrier level, in which case investors will lose 1.25% for every 1% decline of the worse performing component.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlyings:	Russell 2000 and iShares MSCI EAFE ETF
Amount:	$11,297,000
Maturity:	Sept. 9, 2016
Coupon:	6%, payable quarterly
Price:	Par
Payout at maturity:	If each component finishes above barrier level, par; otherwise, 1.25% loss for every 1% decline of worse performing component
Call:	At par plus the coupon if each underlying closes at or above its initial level on any quarterly observation date
Initial levels:	1,251.286 for Russell, $66.42 for EAFE fund
Barrier levels:	80% of initial levels
Pricing date:	June 4
Settlement date:	June 9
Agent:	Deutsche Bank Securities Inc.
Fees:	0.05%
Cusip:	25152RG80

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