New Issue: Deutsche Bank prices $1 million digital return notes tied Russell, S&P

By Susanna Moon

Chicago, March 14 – Deutsche Bank AG, London Branch priced $1 million of 0% digital return notes due March 19, 2018 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above the 85% barrier level, the payout at maturity will be par plus the digital return of 9.5%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Deutsche Bank Securities is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$1 million
Maturity:	March 19, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 85% barrier level, par plus 9.5%; otherwise, 1% loss per 1% decline of the worse performing index
Initial levels:	1,394.127 for Russell, 2,383.12 for S&P
Trigger levels:	1,185.008 for Russell, 2,025.65 for S&P; 85% of initial levels
Pricing date:	March 3
Settlement date:	March 10
Underwriter:	Deutsche Bank Securities Inc.
Fees:	1%
Cusip:	25155MAA9

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