DEUTSCHE BANK AG - WAVE Knockout: TOPDWG

WAVE Knockout: TOPDWG

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 – TOPDWG - INDEX WAVE (Call)


 Barrier Level:                      42,000 index points
 Knock-Out Level:                    42,000 index points
 JSE Code:                           TOPDWG
 JSE Short Name:                     DB TOP CG W
 JSE Long Name:                      DB TOP 4200CG 0002 FEB16
 ISIN Code:                          DE000DT7HBM6



In terms of the Pricing Supplement read with the Product Conditions, the listing of
TOPDWG terminated automatically when the FTSE / JSE Top 40 Index ("the Index") was
equal to or below the Barrier Level of 42,000 index points. The Index was equal to / below
this level of 42,000 index points on 15 January 2016. 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

15 January 2016

Deutsche Securities

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