Deutsche Bank to price alpha overlay securities linked to two indexes

By Toni Weeks

San Diego, June 9 - Deutsche Bank AG, London Branch plans to price 0% alpha overlay securities due June 18, 2014 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 DB Fed Funds index return on that day and three times the Emerald index return. The return of the Emerald index is reduced by an adjustment factor, which is 1.3333% 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.

The notes are putable on June 22, 2012 and June 27, 2013.

The notes (Cusip: 2515A17M7) are expected to price June 14 and settle June 17.

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

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