New Issue: Deutsche Bank prices $276,720 call warrants linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 3 – Deutsche Bank AG, London Branch priced $276,720 of call warrants expiring Sept. 1, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notional amount is $1,000 per warrant. The issue price is $120 per warrant, or 12% of the notional amount. The minimum initial investment is 83 warrants.

The warrants will be automatically exercised on the expiration date. If the final index level is greater than the initial index level, the payout will be $1,000 multiplied by the index return. If the final index level is less than or equal to the initial level, the warrants will expire worthless and investors will lose their entire investments in the warrants.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Call warrants
Underlying index:	S&P 500
Amount:	$276,720
Warrants:	2,306
Notional amount:	$1,000
Issue price:	$120
Expiration date:	Sept. 1, 2017
Payout at expiration:	If final index level is greater than initial index level, $1,000 multiplied by index return; if final index level is less than or equal to initial index level, zero
Initial index level:	2,003.37
Pricing date:	Aug. 29
Settlement date:	Sept. 4
Underwriter:	J.P. Morgan Securities LLC
Fees:	$6.50 per warrant
Cusip:	25157U408

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