Obligation Deutsch Bank London 0% ( XS0789520839 ) en ZAR

Deutsch Bank London

100 % ⇌

Allemagne

XS0789520839 ( en ZAR )

19/07/2024 - Obligation échue

Prospectus brochure de l'obligation Deutsche Bank (London Branch) XS0789520839 en ZAR 0%, échue

Deutsche Bank (London Branch) est une succursale de la Deutsche Bank AG, opérant à Londres et fournissant une gamme complète de services bancaires d'investissement et de gestion de fortune à une clientèle internationale.

L'Obligation émise par Deutsch Bank London ( Allemagne ) , en ZAR, avec le code ISIN XS0789520839, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 19/07/2024

Series No: 1102 Tranche 6 1 October 2012
Final Terms

Issue ZAR 100,000,000 Zero Coupon Notes due 20 July 2024
(to be consolidated and form a single series with the ZAR 200,000,000 Zero Coupon Notes
due 20 July 2024 issued on 20 July 2012, ZAR 300,000,000 Zero Coupon Notes due 20 July 2024 issued
on 13 August 2012, the ZAR 200,000,000 Zero Coupon Notes due 20 July 2024 issued on 30 August 2012,
the Issue ZAR 150,000,000 Zero Coupon Notes due 20 July 2024 issued on 12 September 2012 and the
Issue ZAR 150,000,000 Zero Coupon Notes due 20 July 2024 issued on 20 September 2012
(the "Original Securities"))
issued pursuant to the

Euro 80,000,000,000
Debt Issuance Programme
dated 29 June 2012
of
Deutsche Bank Aktiengesellschaft
Issue Price: 42.50 per cent.

The secondary market price of the Notes may be different from the Issue Price. The market price may move on an
ongoing basis in accordance with the economics of the Notes and market conditions then prevailing.

Issue Date: 1 October 2012

These Final Terms are issued to give details of an issue of Securities under the Euro 80,000,000,000 Debt
Issuance Programme of Deutsche Bank Aktiengesellschaft (the "Programme"). Full information on Deutsche Bank
Aktiengesellschaft and the offer of the Securities is only available on the basis of the combination of the Base
Prospectus dated 29 June 2012 and the First Supplement dated 3 August 2012 pertaining to the Programme (the
"Prospectus") (including the documents incorporated into the Prospectus by reference).
Part I: Terms and Conditions
The Terms and Conditions of the Securities (the "Conditions") are annexed to these Final Terms and replace in
full the Terms and Conditions as set out in the Prospectus and take precedence over any conflicting provisions in
these Final Terms.
All references in these Final Terms to numbered Sections and Paragraphs are unless stated otherwise to
sections and paragraphs of the Conditions.
All provisions in the Conditions corresponding to items in these Final Terms which are indicated as not applicable,
not completed or deleted shall be deemed to be deleted from the Conditions.
The purchase of Securities involves substantial risks and is suitable only for investors who have the
knowledge and experience in financial and business matters necessary to enable them to evaluate the
risks and the merits of an investment in the Securities. Before making an investment decision, prospective
purchasers of Securities should ensure that they understand the nature of the Securities and the extent of
their exposure to risks and that they consider carefully, in the light of their own financial circumstances,
financial condition and investment objectives, all the information set forth in the Prospectus (including
"Risk Factors" on pages 32 et sq of the Prospectus) and these Final Terms.
The Issuer is not obliged to gross up any payments in respect of the Securities and all amounts payable in respect
of the Securities shall be made with such deduction or withholding of taxes, duties or governmental charges of any
nature whatsoever imposed, levied or collected by the way of deduction or withholding, if such deduction or
withholding is required by law.

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1. ISSUER

Issuer
Deutsche Bank Aktiengesellschaft acting through its

London Branch
Guarantor
Not applicable

2. FORM OF CONDITIONS
Long-Form Conditions
3. GOVERNING LAW
English Law
4. TYPE OF SECURITIES

Legal type
Bearer Securities
Appellation
Notes
5. CURRENCY, DENOMINATION FORM, CERTAIN DEFINITIONS (§ 1)
Currency and Denomination
Specified Currency
South African Rand ("ZAR")
Aggregate Principal Amount

(i)
Series
ZAR 1,100,000,000

(i )
Tranche
ZAR 100,000,000
The Securities wil be consolidated, form a single series
and be interchangeable for trading purposes with the
Original Securities on the Issue Date
Specified Denomination
ZAR 10,000
Calculation Amount
ZAR 10,000
Form of Bearer Securities
TEFRA D
Temporary Global Security exchangeable for Permanent

Global Security exchangeable for Definitive Securities
Exchangeable on request
Not Applicable
Exchange Event provisions
Applicable
Global Securities to be in NGN form
No
Clearing System
Clearstream Banking société anonyme, Luxembourg

("CBL")
42 Avenue JF Kennedy
1855 Luxemburg
Luxembourg
Euroclear Bank S.A./N.V.
Brussels ("Euroclear")
1 Boulevard du Roi Albert II
1210 Brussels
Belgium

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6. STATUS (§ 2)
Status of Securities
Unsubordinated
7. INTEREST (§ 3)
C.
Zero Coupon Securities/Non-Interest Bearing Securities Applicable
Accrual of Interest

Accretion Yield
7.3909265 per cent per annum
Business Day Convention
Following Business Day Convention, unadjusted
Day Count Fraction
30/360
8. PAYMENTS (§ 4)
Relevant Financial Centre(s) (for determining the
London, New York and Johannesburg
Payment Business Day)
9. REDEMPTION (§ 5)
Redemption at Maturity
Maturity Date
20 July 2024 subject to adjustment with the Following
Business Day Convention
Settlement
Cash
Redemption in Instalments
Not Applicable
Early Redemption at the Option of the Issuer
Not Applicable
Early Redemption at the Option of the
Not Applicable
Securityholder
Automatic Redemption
Not Applicable
Early Redemption Amount
Early Redemption Amount per Calculation Amount
payable on redemption for taxation reasons or on
event of default shall be an amount equal to the sum
of (a) ZAR 4,250.00 (the "Reference Price") and (b)
the product of 7.3909265 per cent. per annum
(compounded annually) being applied to the
Reference Price from (and including) the Issue Date to
(but excluding) the date fixed for the redemption or (as
the case may be) the date upon which such Security
becomes due and repayable
Redemption for Illegality
Applicable
Certain Definitions

Early Redemption Unwind Costs
Standard Early Redemption Unwind Costs
10. TERMS FOR CALCULATION OF THE REDEMPTION AMOUNT (§6)
Redemption Amount
Calculation Amount
11. MARKET DISRUPTION (§ 7)
Not Applicable
12. ADJUSTMENTS, EXTRAORDINARY EVENTS AND TERMINATION (§ 7) Not Applicable
13. FISCAL AGENT/PAYING AGENT(S)/CALCULATION AGENT/DETERMINATION AGENT (§ 7)

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Fiscal Agent
Deutsche Bank AG, London Branch

Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
Paying Agent(s)
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
Calculation Agent
Fiscal Agent
Determination Agent
Not Applicable
14. TAXATION (§ 8)
Withholding tax gross-up obligation of the Issuer
No
15. NOTICES (§ 13)
Publication
Not Applicable
Notification to Clearing System
Applicable
Substitution of notice pursuant to paragraph (1)
Not Applicable
Notice to Clearing System deemed to have been
Date of notification
validly given on
16. RESOLUTIONS OF SECURITYHOLDERS (§17)
Not Applicable
17. REDENOMINATION (§18)
Not Applicable
18. LANGUAGE OF CONDITIONS (§20)
English only
19. PROVISIONS FOR CREDIT LINKED
Not Applicable
SECURITIES GOVERNED BY ENGLISH LAW
20. PROVISIONS FOR CREDIT LINKED
Not Applicable
SECURITIES GOVERNED BY GERMAN LAW
21. OTHER FINAL TERMS
Not Applicable

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Part II: Additional Information

1. ADMISSION TO TRADING, LISTING AND

DEALING ARRANGEMENTS

Listing and admission to trading
Application wil be made for the Securities to be listed on
the Official List of the Luxembourg Stock Exchange and
admitted to trading on the Luxembourg Stock
Exchange's Regulated Market.
Expected date of admission
1 October 2012

Estimate of the total expenses related to admission to
EUR 4,180
trading
Regulated markets or equivalent markets on which, to
Application was made for the Original Securities to be
the knowledge of the Issuer, Securities of the same
listed on the Official List of the Luxembourg Stock
class of the Securities to be offered or admitted to
Exchange and admitted to trading on the
trading are already admitted to trading.
Luxembourg Stock Exchange's Regulated Market on
20 July 2012, 13 August 2012, 30 August 2012, 12
September 2012 and 20 September 2012
Name and address of the entities which have a
Not Applicable
commitment to act as intermediaries in secondary
trading, providing liquidity through bid and offer rates
and description of the main terms of their commitment

2. RATINGS

The Securities have been rated as follows:
Not Applicable
3. INTEREST OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save for the fees payable to Deutsche Bank AG, London Branch as dealer (the "Dealer"), so far as the Issuer is
aware, no person involved in the issue or offering of the Securities has an interest material to the issue or the
offering.
4. INFORMATION CONCERNING THE SECURITIES TO BE OFFERED / ADMITTED TO TRADING

Estimated net proceeds
Not Applicable

5. YIELD

Method of calculating the yield
ICMA method

The ICMA method determined the effective interest rate
Securities taking into account interest accrued on a
daily basis
6. INFORMATION ON THE PERFORMANCE OF THE UNDERLYING
Not Applicable

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7. TERMS AND CONDITIONS OF THE OFFER
Not Applicable
8. DISTRIBUTION
Non-syndicated
If non-syndicated name of relevant Dealer
Deutsche Bank AG, London Branch
Date of Subscription Agreement
Not Applicable
Management details including form of
Not Applicable
commitment
Management / Underwriting Commission
Not Applicable
Selling Commission /Concession
Not Applicable
Listing Commission / Fee
Not Applicable
Distribution Fee
Not Applicable
Other Fee
Not Applicable
Stabilising Dealer / Manager
Not Applicable
9. SECURITIES IDENTIFICATION NUMBERS

Common Code
078952083
ISIN Code
XS0789520839
10. EUROSYSTEM ELIGIBILITY

Intended to be held in a manner which would allow
No
Eurosystem eligibility.
11. ADDITIONAL TAX INFORMATION
Not Applicable
12. ADDITIONAL TRANSFER AND SELLING
Republic of South Africa
RESTRICTIONS
The Dealer has represented, warranted and agreed that
it has not and wil not offer for sale or subscription or sell
any Notes, directly or indirectly, within the Republic of
South Africa or to any person or corporate or other
entity resident in the Republic of South Africa except (a)
in accordance with the exchange control regulations of
the Republic of South Africa and (b) to any entity
resident or within the Republic of South Africa in
accordance with the Commercial Paper regulations
published in terms of the Banks Act, 1990, as amended,
and the Companies Act 1973, as amended and (c) all
other applicable laws of South Africa. In particular, the
Prospectus does not, nor is it intended to, constitute a
prospectus (as that term is defined in the Companies
Act) and the Dealer has represented, warranted and
agreed that it will not make an "offer to the public" (as
such term is defined in the Companies Act) of any of the
Notes (whether for subscription or sale).
The Issuer accepts responsibility for the information contained in the Final Terms as set out in the Responsibility
Statement on page 2 of the Prospectus provided that, with respect to any information included herein and
specified to be sourced from a third party (i) the Issuer confirms that any such information has been accurately
reproduced and as far as the Issuer is aware and is able to ascertain from information available to it from such
third party, no facts have been omitted, the omission of which would render the reproduced information inaccurate
or misleading and (ii) the Issuer has not independently verified any such information and accepts no responsibility
for the accuracy thereof.

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Deutsche Bank Aktiengesellschaft
acting through its London Branch

8