Deutsche now to price buffered return optimization notes linked to Brent crude on Aug. 19

By Jennifer Chiou

New York, Aug. 9 - Deutsche Bank AG, London Branch plans to price the previously announced offering of buffered return optimization securities due Feb. 20, 2013 linked to Brent crude futures contracts on Aug. 19, a week later than the originally anticipated pricing date, according to an FWP with the Securities and Exchange Commission.

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

The payout at maturity will still be par of $10 plus 1.5 times any gain in the price of brent crude oil, up to a maximum return of 18% to 24%. The exact cap will be set at pricing.

Investors will receive par if the price of brent crude falls by up to 10% and will be exposed to any losses beyond 10%.

The notes (Cusip: 25154W324) are expected to settle on Aug. 24.

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