New Issue: Deutsche Bank prices $4.62 million trigger return optimization notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., May 30 - Deutsche Bank AG, London Branch priced $4.62 million of 0% trigger return optimization securities due May 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return of 63%. If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will have full exposure to the index's decline.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger return optimization securities
Underlying index:	Euro Stoxx 50
Amount:	$4,619,900
Maturity:	May 31, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 1.5 times index return, subject to maximum return of 63%; if index return is zero or negative and final index level is greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index's decline
Initial index level:	3,246.24
Trigger level:	2,434.68, 75% of initial level
Pricing date:	May 28
Settlement date:	May 30
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	25155Q557

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