New Issue: Deutsche Bank prices $2.54 million 5.65% autocallables linked to Russell 2000, iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Aug. 7 – Deutsche Bank AG, London Branch priced $2.54 million of 5.65% autocallable securities due Feb. 11, 2016 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par plus accrued interest if each underlier closes at or above its initial level on any quarterly observation date.

If the notes are not called and the final level of the worst-performing underlier is at least 80% of its initial level, the payout will be par. Otherwise, investors will lose 1.25% for every 1% that the worst-performing underlier declines beyond 20%.

Deutsche Bank Securities Inc. is the underwriter.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underliers:	Russell 2000 index and iShares MSCI EAFE ETF
Amount:	$2,542,000
Maturity:	Feb. 11, 2016
Coupon:	5.65%, payable quarterly
Price:	Par
Payout at maturity:	If final level of worst-performing underlier is at least 80% of initial level, par; otherwise, 1.25% loss for every 1% that worst-performing underlier declines beyond 20%
Call:	Automatically at par plus accrued interest if each underlier closes at or above initial level on any quarterly observation date
Initial levels:	1,121.563 for index and $65.59 for ETF
Pricing date:	Aug. 5
Settlement date:	Aug. 8
Underwriter:	Deutsche Bank Securities Inc.
Fees:	0.05%
Cusip:	25152RNN9

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