New Issue: Deutsche Bank prices $29.17 million Accelerated Return Notes linked to S&P MidCap 400

By Angela McDaniels

Tacoma, Wash., June 29 – Deutsche Bank AG, London Branch priced $27.19 million of 0% Accelerated Return Notes due Aug. 26, 2016 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 11.25%. If the index return is negative, investors will be full exposed to the decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Accelerated Return Notes
Underlying index:	S&P MidCap 400
Amount:	$27,190,480
Maturity:	Aug. 26, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 11.25%; exposure to any index decline
Initial index level:	1,530.41
Final index level: Average of index’s closing levels on five trading days ending Aug. 23, 2016
Pricing date:	June 25
Settlement date:	July 2
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	25156D555

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