New Issue: Deutsche Bank prices $5 million notes with averaging linked to Euro Stoxx 50 index

By Toni Weeks

San Luis Obispo, Calif., July 7 – Deutsche Bank AG, London Branch priced $5 million of 0% notes due Sept. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 37% of the average of the index return on the 9 quarterly averaging dates during the life of the notes. If the average index return is zero or negative, investors will receive par.

Deutsche Bank Securities Inc. is the underwriter.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Notes
Underlying index:	Euro Stoxx 50
Amount:	$5 million
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 37% of the average index return, floor of par
Initial level:	3,252.25
Pricing date:	July 2
Settlement date:	July 8
Underwriter:	Deutsche Bank Securities Inc.
Fees:	0.25%
Cusip:	25152RLX9

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