New Issue: Deutsche Bank sells $2.95 million autocallable securities on index, ETF

By Wendy Van Sickle

Columbus, Ohio, Aug. 21 – Deutsche Bank AG, London Branch, priced $2.95 million of 0% autocallable securities due Feb. 22, 2019 linked to the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 9% a year if each asset closes at or above its initial level on Feb. 20, 2018, Aug. 17, 2018 or Feb. 19, 2019.

If the return of each asset is at least negative 20%, the payout at maturity will be par plus 3.25%. Otherwise, investors will lose 1.25% for each 1% decline of the lesser performing asset beyond 20%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying assets:	iShares MSCI EAFE ETF and Russell 2000 index
Amount:	$2,953,000
Maturity:	Feb. 22, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each asset is at least negative 20%, par plus 3.25%; otherwise, investors will lose 1.25% for each 1% decline of least performing asset beyond 20%
Call:	At par plus 9% per year if each asset closes at or above its initial level on Feb. 20, 2018, Aug. 17, 2018 or Feb. 19, 2019
Initial levels:	1,383.534 for index, $66.76 for ETF
Trigger levels:	1,106.827 for index, $53.41 for ETF, 80% of initial level
Pricing date:	Aug. 17
Settlement date:	Aug. 22
Agents:	Deutsche Bank Securities Inc.
Fees:	0.5%
Cusip:	25155MDE8

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