New Issue: Deutsche Bank prices $945,000 capped return enhanced notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Feb. 4 – Deutsche Bank AG, London Branch priced $945,000 of 0% capped return enhanced notes due Feb. 22, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus three times the index return, up to a maximum return of 23.4%. If the index return is negative, investors will have one-to-one exposure to the decline.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$945,000
Maturity:	Feb. 22, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus three times index return, up to maximum return of 23.4%; if index return is negative, one-to-one exposure to decline
Initial index level:	3,045.09
Final index level:	Average of index’s closing levels on five trading days ending Feb. 17, 2017
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152RZU0

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