New Issue: Deutsche Bank prices $1.04 million Stars linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Sept. 8 – Deutsche Bank AG, London Branch priced $1.04 million of 0% Strategic Accelerated Redemption Securities due Aug. 27, 2021 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

If the index closes at or above its initial level on any annual observation date, the notes will be called at par of $10 plus an annualized call premium of 10.1%.

If the notes are not called, investors will be fully exposed to losses.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	Russell 2000
Amount:	$1.04 million
Maturity:	Aug. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called, investors will be fully exposed to losses
Call:	At par plus an annualized call premium of 10.1% if the index closes at or above its initial level on any annual observation date, the notes will be called
Initial index level:	1,153.608
Pricing date:	Aug. 27
Settlement date:	Sept. 8
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	25156D449

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