New Issue: Deutsche Bank prices $25,000 capped BUyS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 8 – Deutsche Bank AG, London Branch priced $25,000 of 0% capped buffered underlying securities due Nov. 7, 2019 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 200% of any index gain, subject to a maximum return of 16.5%.

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

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped buffered underlying securities
Underlying index:	S&P 500
Amount:	$25,000
Maturity:	Nov. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 16.5%; par if index declines by 10% or less; 1% loss per 1% drop beyond 10%
Initial level:	2,579.85
Pricing date:	Nov. 2
Settlement date:	Nov. 7
Agent:	Deutsche Bank Securities Inc.
Fees:	0.75%
Cusip:	25155MEW7

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