New Issue: Deutsche Bank prices $4.85 million performance securities linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., June 4 - Deutsche Bank AG, London Branch priced $4.85 million of 0% performance securities due June 6, 2011 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 61.6%. Investors will be fully exposed to any index decline.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Performance securities
Underlying index:	Russell 2000
Amount:	$4,847,000
Maturity:	June 6, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, up to maximum return of 61.6%; full exposure to any index decline
Initial index level:	526.63
Pricing date:	June 2
Settlement date:	June 5
Agents:	Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:	0.75%

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