New Issue: Deutsche Bank prices $5.1 million capped leveraged buffered notes on S&P 500

By Susanna Moon

Chicago, May 13 - Deutsche Bank AG priced $5.1 million of 0% capped leveraged buffered notes due March 17, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any index gain, up to a maximum payment of $1,188.50 for each $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500
Amount:	$5,102,000
Maturity:	March 17, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.3 times any index gain, capped at 18.85%; par if index falls by up to 10%; 1.1111% loss per drop beyond 10%
Initial level:	1,878.48
Pricing date:	May 9
Settlement date:	May 16
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25152RKD4

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