Deutsche Bank to Redeem Eight Exchange Traded Notes

Deutsche Bank announced today that it has elected to redeem the following DB exchange traded notes (ETNs):

• DB 3x Long 25+ Year Treasury Bond ETN (ticker: LBND)
• DB 3x Short 25+ Year Treasury Bond ETN (ticker: SBND)
• DB 3x German Bund Futures ETN (ticker: BUNT)
• DB German Bund Futures ETN (ticker: BUNL)
• DB 3x Japanese Govt Bond Futures ETN (ticker: JGBT)
• DB Japanese Govt Bond Futures ETN (ticker: JGBL)
• DB 3x Inverse Japanese Govt Bond Futures ETN (ticker: JGBD)
• DB Inverse Japanese Govt Bond Futures ETN (ticker: JGBS)

As described in the related pricing supplement for each ETN, Deutsche Bank, as Issuer of the ETNs, may redeem the ETNs at its sole discretion on any trading day on or after the inception date until maturity.

Deutsche Bank expects to provide notice of redemption via The Depository Trust Company on September 13, 2016. The repurchase value of the ETNs will be determined as of the date notice is given. Payment of the repurchase value of the ETNs will be made on the fifth business day following the date of notice, which is expected to be September 20, 2016. Accordingly, the last trading day for each ETN is expected to be September 19, 2016. Daily repurchases at the option of investors will be accepted in the normal manner up to, and including, September 13, 2016. As previously announced, further issuances of the ETNs were suspended as of January 1, 2016.

Investors with any questions about the ETNs may call +1 (212) 250 – 8830.

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 11 March 2016 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

Issued by press department of Deutsche Bank AG NY
60 Wall Street, New York, NY 10005
Phone +1 212 250 7171

https://www.db.com
https://www.db.com/press
E-mail: press-media-relations.americas@db.com

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