Deutsche Bank plans buffered return optimization notes linked to gold

By Toni Weeks

San Diego, Nov. 29 - Deutsche Bank AG, London Branch plans to price 0% buffered return optimization securities due Dec. 19, 2013 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any increase in the price of gold, up to a maximum return of 28% to 33%. The exact maximum return will be set at pricing.

Investors will receive par if the price of gold falls by up to 10% and will lose 1% for every 1% drop in the price beyond 10%.

The notes (Cusip: 25154P147) will price Dec. 16 and settle Dec. 21.

Deutsche Bank Securities and UBS Financial Services Inc. will be the agents.

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