New Issue: Deutsche Bank prices $8.98 million capped trigger gears tied to S&P 500

By Marisa Wong

Morgantown, W.Va., June 29 – Deutsche Bank AG, London Branch priced $8.98 million of 0% capped trigger gears due June 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus 2 times the gain, capped at 42.17%.

If the index falls but finishes at or above the 75% downside threshold level, the payout will be par.

If the index falls by more than 25%, investors will be fully exposed to the loss.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped trigger gears
Underlying index:	S&P 500
Amount:	$8,976,320
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at 42.17%; par if index declines by 25% or less; full exposure to loss if index falls beyond 25%
Initial index level:	2,000.54
Downside threshold:	1,500.41, 75% of initial level
Pricing date:	June 27
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	25190F707

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