New Issue: Deutsche Bank prices $1 million capped knock-out notes tied to Disney

By Marisa Wong

Morgantown, W.Va., Oct. 2 – Deutsche Bank AG, London Branch priced $1 million of 0% capped knock-out notes due Oct. 13, 2016 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the knock-out price, 80% of the initial share price, the payout at maturity will be par plus the greater of the contingent minimum return of 4% and the stock return, subject to a maximum return of 12.7%.

If the final share price is less than the knock-out share price, investors will receive a number of Disney shares equal to $1,000 divided by the initial price.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped knock-out notes
Underlying stock:	Walt Disney Co. (Symbol: DIS)
Amount:	$1 million
Maturity:	Oct. 13, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to knock-out price, par plus greater of 4% and stock return, subject to 12.7% maximum return; otherwise, 9.9701 Disney shares
Initial share price:	$100.30
Knock-out price:	$80.24, 80% of initial share price
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	25152RR70

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