New Issue: Deutsche Bank prices $1.6 million trigger return enhanced notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 10 – Deutsche Bank AG, London Branch priced $1.6 million of 0% uncapped trigger return enhanced securities due Oct. 14, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 222.77% of the index return. If the index declines but finishes at or above trigger level, 70% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Uncapped trigger return enhanced securities
Underlying index:	Euro Stoxx 50
Amount:	$1.6 million
Maturity:	Oct. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above initial level, par plus 222.77% of index return; if index declines but finishes at or above trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
Initial index level:	3,603.32
Trigger level:	2,522.32, 70% of initial level
Pricing date:	Oct. 6
Settlement date:	Oct. 16
Agent:	Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25155MEK3

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