3 Year Note Linked To WTI Crude Oil Simplified Prospectus, 15 August 2013

Transcription

1 1 PRODUCT DESCRIPTION This 3 Year Note / is a USD denominated Note linked to WTI Crude Oil (the Underlying ) (the Note ). The Note offers the investor quarterly Coupons linked to the 3M USD Libor rate and a Coupon at Maturity linked to the performance of WTI Crude Oil. The Note is 95% capital protected subject to the counterparty credit risk of Deutsche Bank AG.. Prospective investors must read the risk factors and disclaimers at the end of this document. SSPA category: Capital Protection Certificate with Participation (1100) This Structured Product does not constitute a participation in a collective investment scheme within the meaning of the Swiss Federal Act on Collective Investment Schemes (CISA) and is therefore not subject to authorization and supervision by the Swiss Financial Market Supervisory Authority (FINMA). Final Terms and Conditions Issuer Instrument Deutsche Bank AG, Fankfurt Senior, unsecured Notes Issuer Rating S&P: A, Moody s: A2, Fitch: A+ Denomination / Nominal Amount per Security Issue Price Settlement Currency Minimum Trade Size USD 1,000 per Note 100% of Denomination USD 1 Note Initial Reference Date 15 August 2013 Issue Date 29 August 2013 Final Reference Date 15 August 2016 Redemption / Maturity Date 22 August 2016 Initial Reference Level (IRL) Final Reference Level Underlying The official closing price of Underlying on Initial Reference Date as determined by the calculation agent The official closing price of Underlying on Final Reference Date as determined by the calculation agent The following Commodity: Commodity Reference Source / Bloomberg IRL WTI Crude Oil CL1 <Comdty> USD /bbl Coupon Amount Rate Basis Reference Index Coupon 3m USD Libor, Paid Quarterly ACT/360 3 Month USD LIBOR Rate, 11:00 AM London Fixing as quoted on the Reuters page LIBOR01 (or any successor or replacement page). Coupon Fixing Dates Coupon Payment Date 27 August November November February 2014

2 2 20 February May May August August November November February February May May August August November November February February May May August 2016 Redemption Denomination * [ 95 % + (Participation * Performance Coupon)] Performance Coupon Max ( Final Reference Level / Initial Reference Level -95%, 0% ) Participation [ 90% ] Settlement Cash settlement Security Codes ISIN: DE000DX9G700 WKN: DX9G70 Valoren: Listing Business Day Convention Calculation Agent / Paying Agent Clearing Agent Secondary Market Pricing None Following Euroclear & Clearstream Luxembourg The Calculation Agent shall have no responsibility for good faith errors or omissions in respect of any calculations or determinations contemplated herein, and its calculations and determinations shall, in the absence of manifest error, be final, conclusive and binding on note holders and/or Deutsche Bank AG. Euroclear, Clearstream AG Frankfurt Given regular market circumstances, Deutsche Bank AG is expected to continuously quote bid and ask prices, without being legally obliged to do so. The expected bid-/ask spread is 1%. Reuters Page [DBDX9G7=DBBL] This product is quoted dirty in the secondary market. SVSP Product Type Capital Protection Certificate with Participation (1100) Documentation Publication Tax Treatment This document is a Termsheet containing the information required to form a Simplified Prospectus pursuant to Article 5 of the Federal Act on Collective Investment Schemes. Prospective investors should refer to the Final Terms or Prospectus relating to the Certificates for the full terms and conditions relating to these securities. The Final Terms or Prospectus can be obtained free of charge from the Issuer. Amendments to the Product Conditions occurring prior to the Maturity Date shall be notified in accordance with the General Conditions contained in the Final Terms or Prospectus, and shall also be published on No Swiss withholding tax on interest and premium payments. No Swiss federal stamp duty at issuance (primary market). Swiss federal stamp duty on secondary

3 3 market transactions. This Note is classified as transparent (Non-IUP = Non Interest Unique Predominant). The Coupon is split into two components: A premium payment is classified as a capital gain and is, for individuals having their tax residence in Switzerland and holding the Note as part of private property, not subject to income tax. The interest payment is classified as investment income and is subject to income tax. The investor will have to bear Swiss federal turnover stamp duty and usual fees in case of physical delivery of the shares. The afore mentioned tax treatment is valid at the time of launch of the issue and is not exclusive. The relevant tax laws and the administrative practice are subject to change. Deutsche Bank AG expressly excludes all liability in respect of any tax implications. EU Savings Tax Treatment Brokerage Fee / Placement Fee For Swiss paying agents, this product is in scope (TK6). The interest payment is subject to the EU tax retention. Deutsche Bank (Suisse) SA may apply a Brokerage Fee/Placement Fee of up to 2% of the subscription amount Structuring Fee Disclaimer Selling Restrictions Agent and Paying Agent / Distributor in Switzerland The Issuer will pay Deutsche Bank (Suisse) SA a fee of up to 3% of the Issue Price (the Structuring Fee ). The Structuring Fee is in addition to the Brokerage Fee/Placement fee normally applied by Deutsche Bank (Suisse) SA. The investor acknowledges and agrees that such Structuring Fee is retained by Deutsche Bank (Suisse) SA and will not be passed on to the investor. The investor is aware that the payment of the Structuring Fee may lead to a potential conflict of interest for Deutsche Bank (Switzerland) Limited. Further information is available from Deutsche Bank (Suisse) SA upon investor s written request. This term sheet and the information contained herein may only be published or distributed in accordance with the relevant local laws and regulations. In particular, the Notes may not be sold or offered in the United Sates, the United Kingdom, Canada, Japan or to US persons or US residents. DB PWM PROFIT AND LOSS PERSPECTIVES This Product is suitable for investors who expect the Underlying to trade higher at maturity. This product is 95% capital protected subject to the counterparty credit risk of the issuer, Deutsche Bank AG.The quarterly coupon will be paid in any case. RISK FACTORS Prospective investors should consider all information provided in the offering circular and consult with their own independent professional advisers if they consider it necessary. The following describes the most important risk factors relating to the Issuer and the Product. Issuer Risk Credit Risk The investors bear the credit risk of Deutsche Bank AG ("Deutsche Bank") as Issuer of

4 4 the Product. The value of the investment instrument depends not only on the Underlying but also on the solvency of the Issuer, which may vary over the lifetime of the Product. The Products are unsubordinated, unsecured contractual obligations of the Issuer. They do not benefit from any preference in rank. The insolvency of the Issuer may lead to a partial or total loss of the invested capital. Ratings Ratings assigned to the Issuer by certain independent rating agencies are an indicator of the Issuer s ability to meet its obligations in a timely manner. The lower the assigned rating is on the respective scale the higher the respective rating agency assesses the risk that obligations will not be met at all or not be met in a timely manner. Rating agencies may change their ratings at short notice. A rating s change may affect the price of securities outstanding. Currency Risk Commodity Risk The Notes are denominated in USD. Non-USD based investors may therefore be exposed to exchange rate fluctuation which may have a negative impact on their investment. Commodity prices may be subject to substantial and unpredictable fluctuations over short periods of time and may be affected by, among other things, a wide variety of regulatory, monetary and/or economic developments and policies. Liquidity Risk A liquid secondary market for the Product cannot be guaranteed. The Product may trade below its issue price and the bid/offer spread may be significant. Product Risk An investment in the Notes involves risks. These risks may include, among others, equity market, bond market, foreign exchange, interest rate, market volatility and economic, political and regulatory risks and any combination of these and other risks. Prospective purchasers should be experienced with respect to transactions in instruments such as the Notes and in the underlying asset or other basis of reference for the Notes (the Underlying ). Prospective purchasers should understand the risks associated with an investment in the Securities and should only reach an investment decision after careful consideration, with their professional independent financial, legal, tax, accounting and other advisers, of (i) the suitability of an investment in the Notes in the light of their own particular financial, tax and other circumstances; (ii) the information set out in this document and (iii) the Underlying. An investment in the Notes should only be made after assessing the direction, timing and magnitude of potential future changes in the value of the Underlying, and/or the in the composition or method of calculation of the Underlying, as the return of any such investment will be dependent, inter alia, upon such changes. More than one risk factor may have simultaneous effect with regard to the Notes such that the effect of a particular risk factor may not be predictable. In addition, more than one risk factor may have a compounding effect which may not be predictable. No assurance can be given as to the effect that any combination of risk factors may have on the value of the Notes. In connection with this transaction, the Issuer and/or its affiliates have paid and/or pay to the Distributor, or may receive from third parties as part of their compensation or otherwise, fees. Further information on fees paid to the Distributor is available from the Distributor. Disclaimer Deutsche Bank AG, Frankfurt, is licensed to carry on banking business and to provide financial services by the German Federal Financial Services Supervisory Authority ('Bundesanstalt für Finanzdienstleistungsaufsicht'), Deutsche Bank AG, London Branch, is also regulated by the Financial Services Authority for the conduct of UK business. This document contains a short summary description of the most relevant terms and conditions of the above-described Product (the "Securities"). The facts contained herein are merely for information purposes. This document, and the information contained therein, does not constitute an issue prospectus according to the articles 652a and 1156 of the Swiss Code of Obligations ("CO"). The

5 5 complete terms and conditions are included in the Prospectus, which can be obtained free of charge at Deutsche Bank AG, Frankfurt, Zurich Branch, Postfach 8730, 8021 Zurich. The final version of this document fulfils the conditions of a simplified prospectus pursuant to art. 5 para. 3 of the Swiss Federal Act on Collective Investment Schemes (CISA). The Securities are not collective investment schemes as defined by the Swiss Federal Act on Collective Investment Schemes ("CISA") and are, therefore, not subject to the authorization of the Swiss Federal Banking Commission. This document, and the information contained therein, does not constitute the provision of investment advice; its sole purpose is the description of the Securities. Investing in these Securities entails risks and a decision to invest must in all cases be taken only based on the Prospectus. Please consider all risks described in the Prospectus carefully prior to investing in the Securities and consult your professional independent financial, legal, accounting, and/or tax adviser with respect to an investment in the Securities. For further information, please contact your personal client advisor. All opinions contained herein are based on the current view of the Issuer, and may be amended without prior notice. The Issuer does not make any representation, recommendation or warranty, regarding the accuracy, adequacy, reasonableness or completeness of the information contained herein, even though all information contained herein originates from reliable sources. The relevant Tax Laws or the regulation of the Tax Authorities may change at any time. Deutsche Bank is not responsible for and has no obligations with respect to any tax implications on the Securities. All rates and prices are subject to changes and are published for information purpose only and not as indicator for tradable rates and prices. Past performance is not indicative of future results. Market values may be affected by a number of factors including index values, volatility, time to maturity, dividend yields and issuer credit ratings. These factors are interrelated in complex ways, and as a result, the effect of any one factor may be offset or magnified by the effect of another factor.the investors bear the credit risk of Deutsche Bank AG as Issuer of the Securities. The Securities are unsubordinated, unsecured contractual obligations of the Issuer and ranks pari passu in all respect with all other unsubordinated, unsecured contractual obligations of the Issuer. The insolvency of the Issuer may lead to a partly or total loss of the invested capital. The Issuer or its affiliates or persons associated with it or such affiliates ( Associated Persons ) may: maintain a long or short position in securities referred to herein, or in related futures or options, purchase or sell, make a market in, or engage in any other transaction involving such securities, and earn brokerage or other compensation. If applicable, the principal protection feature only applies if instruments are held to maturity. The distribution of these Securities is prohibited in some jurisdictions. This document and the information contained herein may only be distributed and published in jurisdictions in which such distribution and publication is permitted. In particular these Securities may not be offered or sold in the United States, the UK, Canada, Japan, or to U.S. persons. As part of this transaction, the Issuer may pay placement and trailer fees as sales-related commissions to the relevant distributor. Placement fees are one-off payments from the proceeds of the issue; alternatively, the Issuer can grant the relevant distributor an appropriate discount on the issue price (without subscription surcharge). Trailer fees are paid from themanagement fee on a recurring basis based on the portfolio. Further information on prices and price components are included in the section Conflicts of interest of the prospectus or final terms. Deutsche Bank means Deutsche Bank AG and its affiliated companies, as the context requires. Mifid: Further risk disclosures according to Mifid can be obtained on globalmarkets.db.com/riskdisclosures