New Issue: Deutsche Bank prices $5.18 million notes linked to iShares MSCI EAFE, Russell 2000

By Toni Weeks

San Luis Obispo, Calif., June 12 – Deutsche Bank AG, London Branch priced $5.18 million of 0% securities due Dec. 15, 2016 linked to the lesser 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.

If the lesser-performing component finishes at or above its initial level, the payout at maturity will be par plus a digital return of 13.5%.

If the final level of the lesser-performing component is less than its initial level by an amount not more than the 15% buffer amount, the payout will be par plus the absolute return of the lesser-performing component. Otherwise, investors will lose 1.1765% for each 1% decline of the lesser-performing component beyond 15%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Securities
Underlying components:	iShares MSCI EAFE ETF, Russell 2000 index
Amount:	$5,182,000
Maturity:	Dec. 15, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing component finishes at or above its initial level, par plus 13.5%; if lesser-performing component falls by up to 15%, par plus absolute return of that component; 1.1765% loss for each 1% decline of lesser-performing component beyond 15%
Initial levels:	$66.55 for iShares MSCI EAFE, 1,266.927 for Russell
Pricing date:	June 10
Settlement date:	June 15
Agent:	Deutsche Bank Securities Inc.
Fees:	0.05%
Cusip:	25152RH30

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