New Issue: Deutsche Bank prices $4.5 million autocallable notes on Russell 2000

By Marisa Wong

Madison, Wis., Aug. 30 - Deutsche Bank AG, London Branch priced $4.5 million of 0% autocallable securities due Aug. 31, 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized return of 12.3% if the index closes at or above the initial level on any of three annual call dates.

If the notes are not called and the final index level is at least 70% of the initial level, the payout at maturity will be par. If the final level is less than 70% of the initial level, investors will be fully exposed to the decline.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying index:	Russell 2000
Amount:	$4.5 million
Maturity:	Aug. 31, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is greater than or equal to knock-in level, par; otherwise, full exposure to decline from initial level
Call:	At par plus 12.3% per year if index closes at or above initial level on Sept. 3, 2013, Aug. 28, 2014 or Aug. 26, 2015
Initial level:	814.28
Knock-in level:	570.00, 70% of initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	2515A1LB5

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