New Issue: Deutsche Bank sells $7.11 million autocallable notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., April 26 – Deutsche Bank AG, London Branch priced $7.11 million of 6% autocallable securities due Oct. 17, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus the coupon if each asset closes at or above its initial level on any semiannual observation date.

If the return of each asset is at least negative 20%, the payout at maturity will be par. 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:	S&P 500 index and Russell 2000 index
Amount:	$7,107,000
Maturity:	Oct. 17, 2019
Coupon:	6%, payable quarterly
Price:	Par
Payout at maturity:	If return of each asset is at least negative 20%, par; otherwise, 1.25% loss for each 1% decline of least performing asset beyond 20%
Call:	At par if each asset closes at or above its initial level on any semiannual observation date
Initial levels:	2,642.19 for S&P, 1,546.805 for Russell
Buffer levels:	2,113.75 for S&P, 1,237.444 for Russell; 80% of initial levels
Pricing date:	April 12
Settlement date:	April 17
Agent:	Deutsche Bank Securities Inc.
Fees:	0.05%
Cusip:	25155MKS9

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