By Angela McDaniels
Tacoma, Wash., Aug. 14 – Deutsche Bank AG, London Branch priced $5.4 million of 5.1% securities due June 13, 2019 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
A knock-out event will occur if the final share price of the lesser-performing ETF is less than its knock-out price, 80% of its initial share price.
If a knock-out event does not occur, the payout at maturity will be par. If a knock-out event does occur, investors will lose 1.25% for every 1% that the lesser-performing ETF declines beyond 20%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Securities
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| Underlying ETFs: iShares MSCI EAFE and iShares Russell 2000
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| Amount: | $5.4 million
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| Maturity: | June 13, 2019
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| Coupon: | 5.1%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless lesser-performing ETF finishes below knock-out price, in which case 1.25% loss for every 1% that lesser-performing ETF declines beyond 20%
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| Initial share prices: | $67.02 for MSCI EAFE ETF and $138.79 for Russell 2000 ETF
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| Knock-out prices: | $53.62 for MSCI EAFE ETF and $111.03 for Russell 2000 ETF; 80% of initial share prices
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| Pricing date: | Aug. 10
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| Settlement date: | Aug. 15
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | None
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| Cusip: | 25155MCY5
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