DEUTSCHE BANK AG - Knockout of WAVE: TOPDWH

Knockout of WAVE: TOPDWH

Deutsche Bank AG 
(incorporated on 10 March 1870 under the laws of the Federal
Republic of Germany)
acting through its London branch

NOTICE: TERMINATION OF LISTING – TOPDWH - INDEX WAVE (Call)


 Barrier Level:                      45,000 index points
 Knock-Out Level:                    45,000 index points
 JSE Code:                           TOPDWH
 JSE Short Name:                     DB TOP CH W
 JSE Long Name:                      DB TOP 4500CH 0002 MAR16
 ISIN Code:


In terms of the Pricing Supplement read with the Product Conditions, the listing of
TOPDWH terminated automatically when the FTSE / JSE Top 40 Index ("the Index") was
equal to or below the Barrier Level of 45,000 index points. The Index was equal to / below
this level of 45,000 index points on 4 December 2015. The product pricing supplement is
available on the website (www.x-markets.db.com).


For further information contact:
X-markets Team
Tel: +27 11 775 7014

4 December 2015

Deutsche Securities

Date: 04/12/2015 11:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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