New Issue: Deutsche prices $848,550 return optimization securities on S&P 500

By Jennifer Chiou

New York, Sept. 18 - Deutsche Bank AG, London Branch priced $848,550 of 0% return optimization securities due Oct. 18, 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 triple any gain in the index, up to a maximum return of 14.5%.

Investors will be fully exposed to any losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$848,550
Maturity:	Oct. 18, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 14.5%; full exposure to any losses
Initial level:	1,465.77
Pricing date:	Sept. 14
Settlement date:	Sept. 19
Agents:	Deutsche Bank Securities Inc. and UBS Financial Services Inc.
Fees:	2%
Cusip:	25154V151

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