New Issue: Deutsche Bank prices $4.38 million performance securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 29 - Deutsche Bank AG, London Branch priced $4.38 million of 0% performance securities with contingent protection due Dec. 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 105.69% of any index gain. Investors will receive par if the index declines by 50% or less and will receive par plus the index return if the index declines by more than 50%.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Performance securities with contingent protection
Underlying index:	S&P 500
Amount:	$4,384,630
Maturity:	Dec. 31, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 105.69% of any index gain; par for losses up to 50%; full exposure to losses if index declines by more than 50%
Initial index level:	863.16
Trigger level:	431.58, 50% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	3.5%

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