New Issue: Deutsche Bank prices $300,000 review notes linked to Oracle stock

By Angela McDaniels

Tacoma, Wash., Oct. 11 - Deutsche Bank AG, London Branch priced $300,000 of 0% review notes due Oct. 24, 2012 linked to the common stock of Oracle Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium if Oracle stock closes at or above the initial share price on any quarterly review date. The call premium is 7.75% if the notes are called on Jan. 19, 2012, 15.5% if called on April 19, 2012, 23.25% if called on July 19, 2012 and 31% if called on Oct. 19, 2012.

If the notes are not called, the payout at maturity will be par if the final share price is at least 70% of the initial price. Otherwise, investors will lose 1% for every 1% that the share price declines.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Review notes
Underlying stock:	Oracle Corp. (Symbol: ORCL)
Amount:	$300,000
Maturity:	Oct. 24, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final share price is greater than or equal to trigger level; full exposure to decline from initial share price if final share price is less than trigger level
Call:	Automatically at par plus 31% per year if Oracle shares closes at or above initial share price on Jan. 19, 2012, April 19, 2012, July 19, 2012 or Oct. 19, 2012
Initial share price:	$29.91
Trigger price:	$20.94, 70% of initial share price
Pricing date:	Oct. 7
Settlement date:	Oct. 13
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	2515A1DK4

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