By Tali Rackner
Norfolk, Va., July 5 – Deutsche Bank AG, London Branch priced $1 million of 0% autocallable securities due July 2, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call return of 7.2% per year if each underlying index closes at or above its initial level on any annual observation date.
If the notes are not called and the final level of the lesser performing index is less than its initial level by no more than 40%, the payout at maturity will be par plus the 21.6% digital return.
If the lesser performing index falls by more than 40%, investors will lose 1% for every 1% decline of the lesser performing index from its initial level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Autocallable securities
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $1 million
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| Maturity: | July 2, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of the lesser performing index is less than its initial level by no more than 40%, par plus 21.6%; if the lesser performing index falls by more than 40%, 1% loss for every 1% decline of the lesser performing index from its initial level
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| Call: | At par plus 7.2% per year if each underlying index closes at or above its initial level on any annual observation date
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| Initial index levels: | 1,127.538 for Russell and 2,037.41 for S&P
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| Trigger levels: | 676.523 for Russell and 1,222.45 for S&P, 60% of initial levels
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Underwriter: | Deutsche Bank Securities Inc.
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| Fees: | 1.5%
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| Cusip: | 25152R4G5
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