New Issue: Deutsche Bank prices $900,000 capped knock-out notes linked to Tesla

By Toni Weeks

San Luis Obispo, Calif., Oct. 15 - Deutsche Bank AG, London Branch priced $900,000 of 0% capped knock-out notes due Oct. 30, 2014 linked to the common stock of Tesla Motors, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is equal to or greater than 80% of the initial price, the payout at maturity will be par plus the digital return of 37%.

Otherwise, investors will be fully exposed to the decline in the share price from its initial level.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped knock-out notes
Underlying stock:	Tesla Motors, Inc.
Amount:	$900,000
Maturity:	Oct. 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If stock falls by more than 20% on Oct. 27, 2014 final valuation date, par plus stock return, with full exposure to losses from initial share price; otherwise, par plus digital return of 37%
Initial price:	$178.70
Knock-out buffer price:	$142.96, 80% of initial price
Pricing date:	Oct. 11
Settlement date:	Oct. 16
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	25152REZ2

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