Deutsche Bank to price alpha overlay securities linked to two indexes

By E. Janene Geiss

Philadelphia, Sept. 10 - Deutsche Bank AG, London Branch plans to price 0% alpha overlay securities due Sept. 24, 2012 linked to a basket holding the Deutsche Bank Fed Funds Total Return index and the Deutsche Bank Equity Mean Reversion Alpha index (Emerald), according to an FWP filing with the Securities and Exchange Commission.

The basket level on any day equals 100 plus the Fed Funds index return on that day and two times the Emerald index return. The return of the Emerald index is reduced by an adjustment factor, which is a flat 0.01375% per year.

The payout at maturity will be par plus the basket return, which could be positive or negative.

The notes will be called if the basket level falls below 40. The payout will be par plus the basket return, which will be determined using the basket level on the second business day following the call trigger date.

The notes (Cusip: 2515AO6X6) are expected to price Sept. 17 and settle Sept. 22

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

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