New Issue: Deutsche Bank prices $1.03 million buffered return notes linked to Gold Miners

By Susanna Moon

Chicago, Oct. 31 - Deutsche Bank AG, London Branch priced $1.03 million of 0% buffered return optimization securities due Oct. 31, 2016 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 60.6%.

Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered return optimization securities
Underlying fund:	Market Vectors Gold Miners ETF
Amount:	$1,031,700
Maturity:	Oct. 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any gain in fund, capped at 60.6%; par if shares decline by up to 10%; 1% loss for every 1% drop beyond 10%
Initial level:	$25.75
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	25155G203

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