New Issue: Deutsche Bank sells $1.18 million buffered return notes on Regional Banking ETF

By Marisa Wong

Morgantown, W.Va., June 20 – Deutsche Bank AG, London Branch priced $1.18 million of 0% buffered return enhanced notes due July 5, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 13.5%.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered return enhanced notes
Underlying fund:	SPDR S&P Regional Banking ETF
Amount:	$1,175,000
Maturity:	July 5, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, up to a maximum return of 13.5%; par if the fund falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial price:	$55.07
Final level:	Average of closing levels on five averaging dates ending June 29, 2018
Pricing date:	June 16
Settlement date:	June 21
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25155MBU4

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