 |
Registration Statement No. 333-206013 Rule 424(b)(2) |
Deutsche Bank AG
Fixed Rate InterNotes®
| Issue Price | Interest Rate | Interest Payment Frequency | 1st Interest Payment Date | 1st Interest Payment Amount |
| 100.00% | 3.00% (per annum) | Semi-Annual | October 15, 2016 | $14.50 (rounded to the nearest cent) |
Aggregate Principal Amount: $6,215,000
Interest Type: Fixed
Redemption at Issuer’s Option: N/A
InterNotes® (the “notes”) issued by Deutsche Bank AG, London Branch (the “Issuer”) are senior unsecured obligations of Deutsche Bank AG.
Investing in the notes involves a number of risks. See “Risk Factors” beginning on page 5 of the accompanying product supplement.
Placement Agent: Incapital LLC
Agents: Deutsche Bank Securities Inc. and Incapital LLC
| Offering Dates: | April 11, 2016 |
| Trade Date: | April 18, 2016 |
| Issue Date: | April 21, 2016 |
| Redemption Date(s): | N/A |
| Maturity Date: | April 19, 2021 |
| Minimum Denominations: | $1,000 |
| Principal Amount: | $1,000 |
| CUSIP / ISIN: | 2515A1NG2 / US2515A1NG22 |
| Listing: | The notes will not be listed on any securities exchange. |
| Price to Public | Discounts and Commissions(1) | Proceeds to Issuer | |
| Per Note | 100.00% | 1.25% | 98.75% |
| Total | $6,215,000.00 | $77,687.50 | $6,137,312.50 |
|
(1) For more detailed information about discounts and commissions, please see “Plan of Distribution (Conflicts of Interest)” in the accompanying product supplement.
Deutsche Bank Securities Inc., an Agent for this offering, is our affiliate. For more information, see “Plan of Distribution (Conflicts of Interest)” in the accompanying product supplement.
| |||
DTC Book Entry Only
InterNotes® is a registered servicemark of Incapital Holdings LLC.
By acquiring the notes, you will be bound by and deemed irrevocably to consent to the imposition of any Resolution Measure (as defined in the accompanying product supplement) by the competent resolution authority, which may include the write down of all, or a portion, of any payment on the notes or the conversion of the notes into ordinary shares or other instruments of ownership. In a resolution or German insolvency proceeding with respect to the Issuer, unsecured unsubordinated obligations of the Issuer that fall outside the statutory definition of “debt instruments,” including some of the other senior debt securities issued under the prospectus, would be satisfied first by operation of law before the notes. If any Resolution Measure becomes applicable to us, you may lose some or all of your investment in the notes. Please see the accompanying product supplement, prospectus addendum and prospectus for more information.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement or the accompanying product supplement, prospectus supplement, prospectus addendum or prospectus. Any representation to the contrary is a criminal offense.
The notes are not deposits or savings accounts and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other U.S. or foreign governmental agency or instrumentality.
Product supplement D dated April 1, 2016: http://www.sec.gov/Archives/edgar/data/1159508/000095010316012303/crt_dp64671.pdf
Prospectus supplement dated July 31, 2015: http://www.sec.gov/Archives/edgar/data/1159508/000095010315006048/crt-dp58161_424b2.pdf
Prospectus addendum dated January 1, 2016: http://www.sec.gov/Archives/edgar/data/1159508/000095010316009887/crt-dp62226_424b3.pdf
Prospectus dated July 31, 2015: http://www.sec.gov/Archives/edgar/data/1159508/000119312515273165/d40464d424b2.htm
April 18, 2016
Validity of the Notes
In the opinion of Davis Polk & Wardwell LLP, as special United States products counsel to the Issuer, when the notes offered by this pricing supplement have been executed and issued by the Issuer and authenticated by the authenticating agent, acting on behalf of the trustee pursuant to the senior indenture, and delivered against payment as contemplated herein, such notes will be valid and binding obligations of the Issuer, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith) and possible judicial or regulatory actions giving effect to governmental actions or foreign laws affecting creditors’ rights, provided that such counsel expresses no opinion as to the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is given as of the date hereof and is limited to the laws of the State of New York. Insofar as this opinion involves matters governed by German law, Davis Polk & Wardwell LLP has relied, without independent investigation, on the opinion of Group Legal Services of Deutsche Bank AG, dated as of January 1, 2016, filed as an exhibit to the opinion of Davis Polk & Wardwell LLP, and this opinion is subject to the same assumptions, qualifications and limitations with respect to such matters as are contained in such opinion of Group Legal Services of Deutsche Bank AG. In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the senior indenture and the authentication of the notes by the authenticating agent and the validity, binding nature and enforceability of the senior indenture with respect to the trustee, all as stated in the opinion of Davis Polk & Wardwell LLP dated as of January 1, 2016, which has been filed by the Issuer on Form 6-K dated January 4, 2016.