New Issue: Deutsche Bank sells $3.52 million 5.9% securities on index, ETF

By Marisa Wong

Madison, Wis., Oct. 28 – Deutsche Bank AG, London Branch priced $3.52 million of 5.9% securities due Jan. 28, 2016 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

A knock-out event occurs if the final level of the lesser performing component is less than 85% of its initial level.

If a knock-out event does not occur, the payout at maturity will be par. Otherwise, investors will lose 1.17647% for every 1% decline of the lower-performing underlying beyond the 15% buffer.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Securities
Underlying components:	iShares MSCI EAFE ETF, Russell 2000 index
Amount:	$3.52 million
Maturity:	Jan. 28, 2016
Coupon:	5.9%, payable monthly
Price:	Par
Payout at maturity:	If final level of lesser performing component is less than knock-out level, 1.17647% loss for every 1% decline of lower-performing underlying beyond 15%; otherwise, par
Initial levels:	$61.89 for ETF, 1,116.486 for index
Knock-out levels:	$52.61 for ETF, 949.013 for index, 85% of initial level
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25152RSD6

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