New Issue: Deutsche Bank prices $1.56 million return enhanced notes linked to Ford

By Toni Weeks

San Luis Obispo, Calif., Jan. 22 - Deutsche Bank AG, London Branch priced $1.56 million of 0% return enhanced notes due Feb. 4, 2015 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2.5 times any gain in the price of Ford shares, up to a maximum return of 30.25%.

Investors will be exposed to any losses.

The final price will be the average of the stock's closing share prices on the five trading days ending Jan. 30, 2015.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return enhanced notes
Underlying stock:	Ford Motor Co. (NYSE: F)
Amount:	$1,555,000
Maturity:	Feb. 4, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 2.5 times stock return, subject to maximum return of 30.25%; if stock return is negative, full exposure to decline
Initial share price:	$16.52
Final share price:	Average of stock's closing share prices on five trading days ending Jan. 30, 2015
Pricing date:	Jan. 17
Settlement date:	Jan. 23
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152RGY3

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