New Issue: Deutsche Bank prices $2.98 million trigger performance notes linked to Vanguard FTSE EM ETF

By Angela McDaniels

Tacoma, Wash., July 30 – Deutsche Bank AG, London Branch priced $2.98 million of 0% trigger performance securities due July 31, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 140% of the ETF return. Investors will receive par if the ETF falls by up to 25% and will be fully exposed to losses from the initial share price if it falls by more than 25%.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger performance securities
Underlying ETF:	Vanguard FTSE Emerging Markets ETF
Amount:	$2,983,970
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If ETF return is positive, par plus 140% of ETF return; par if ETF falls by up to 25%; full exposure to losses from initial share price if ETF falls by more than 25%
Initial share price:	$37.89
Trigger share price:	$28.42, 75% of initial share price
Pricing date:	July 28
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	3.5%
Cusip:	25190J303

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