New Issue: Deutsche Bank prices $5.09 million capped leveraged buffered notes tied to S&P 500

By Marisa Wong

Madison, Wis., July 1 – Deutsche Bank AG, London Branch priced $5.09 million of 0% capped leveraged buffered index-linked notes due Sept. 6, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any index gain, up to a maximum payment of $1,219.05 per $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.14286% for every 1% index decline beyond the 12.5% buffer.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$5,094,000
Maturity:	Sept. 6, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any index gain, capped at $1,219.05 per $1,000 note; par if index declines by 12.5% or less; 1.14286% loss for every 1% drop beyond 12.5%
Initial level:	1,957.22
Pricing date:	June 26
Settlement date:	July 3
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25152RLP6

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