New Issue: Deutsche Bank prices $1.45 million return enhanced notes linked to bank stocks

By Angela McDaniels

Tacoma, Wash., Feb. 4 - Deutsche Bank AG, London Branch priced $1.45 million of 0% return enhanced notes due Feb. 19, 2015 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the common stocks of Bank of America Corp., Citigroup Inc. and Prudential Financial, Inc.

If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum return of 22.4%. If the basket return is negative, investors will have 1-to-1 exposure to the decline.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return enhanced notes
Underlying stocks:	Bank of America Corp. (Symbol: BAC), Citigroup Inc. (Symbol: C) and Prudential Financial, Inc. (Symbol: PRU), equally weighted
Amount:	$1.45 million
Maturity:	Feb. 19, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus two times basket return, subject to maximum return of 22.4%; if basket return is negative, 1-to-1 exposure to decline
Initial share prices:	$16.75 for Bank of America, $47.43 for Citigroup and $84.39 for Prudential
Final basket level:	Average of basket's closing levels on five trading days ending Feb. 13, 2015
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152RHH9

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