New Issue: Deutsche Bank sells $3.66 million 5.86% securities on index, ETF

By Wendy Van Sickle

Columbus, Ohio, March 21 – Deutsche Bank AG, London Branch priced $3.66 million of 5.55% securities due June 24, 2020 linked to 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 return of each asset is at least negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the lesser performing asset beyond 20%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying assets:	iShares MSCI EAFE ETF and Russell 2000 index
Amount:	$3,655,000
Maturity:	June 24, 2020
Coupon:	5.86%, payable monthly
Price:	Par
Payout at maturity:	If return of each asset is at least negative 20%, par; otherwise, investors will lose 1.25% for each 1% decline of least performing asset beyond 20%
Initial levels:	1,563.932 for index, $65.45 for ETF
Buffer levels:	1,251.146 for index, $52.36 for ETF, 80% of initial levels
Pricing date:	March 19
Settlement date:	March 22
Agent:	Deutsche Bank Securities Inc.
Fees:	0%
Cusip:	25155MME8

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