New Issue: Deutsche Bank sells $2.9 million return enhanced notes on Euro Stoxx, euro via JPMorgan

By Susanna Moon

Chicago, Feb. 4 - Deutsche Bank AG, London Branch priced $2.9 million of 0% return enhanced notes due Aug. 5, 2011 based on the performance of the Euro Stoxx 50 index and the euro against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the underlying components, up to a maximum return of 24%.

Investors will be exposed to any losses.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return enhanced notes
Underlying components:	Euro Stoxx 50 index, euro versus dollar
Amount:	$2.9 million
Maturity:	Aug. 5, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain, capped at 24%; exposure to any losses
Initial index level:	3,012.70
Initial spot rate:	1.3809
Pricing date:	Feb. 2
Settlement date:	Feb. 7
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	0.05%
Cusip:	2515A13N9

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