Deutsche plans buffered return optimization notes linked to S&P 500

By Jennifer Chiou

New York, Dec. 30 - Deutsche Bank AG, London Branch plans to price 0% buffered return optimization securities due July 31, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any gain in the index, up to a maximum return of $11.60 to $12.00 per note. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

The notes (Cusip: 25154V409) will price on Jan. 26 and settle on Jan. 31.

Deutsche Bank Securities and UBS Financial Services Inc. will be the agents.

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