New Issue: Deutsche Bank prices $1.75 million notes on iShares MSCI EAFE, Russell

By Marisa Wong

Morgantown, W.Va., Aug. 10 – Deutsche Bank AG, London Branch priced $1.75 million of 5.28% securities due Aug. 11, 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.

Interest is payable monthly.

If the lesser-performing component finishes at or above its knock-out level, 85% of its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1.17647% for every 1% decline beyond the 15% buffer.

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:	$1.75 million
Maturity:	Aug. 11, 2016
Coupon:	5.28%, payable monthly
Price:	Par
Payout at maturity:	If the lesser-performing component finishes at or above its knock-out level, par; otherwise, 1.17647% loss for every 1% decline beyond the 15% buffer
Initial levels:	$65.00 for ETF, 1,231.752 for index
Knock-out levels:	$55.25 for ETF, 1,046.989 for index; 85% of initial levels
Pricing date:	Aug. 6
Settlement date:	Aug. 12
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25152RL50

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