New Issue: Deutsche prices another $1 million 5% securities on iShares MSCI EAFE, Russell 2000

By Toni Weeks

San Luis Obispo, Calif., May 20 - Deutsche Bank AG, London Branch priced an additional $1 million of 5% securities due May 20, 2015 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the deal size to $2 million. The issuer priced the initial $1 million of the notes on April 15.

Interest is payable monthly.

If the final level of the lesser performer is at least 85% of its initial level, the payout at maturity will be par. If the final level is less than 85% of the initial level, investors will lose 1.1765% for every 1% decline in the worst-performing underlier.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Securities
Underlying assets:	Russell 2000 index and iShares MSCI EAFE exchange-traded fund
Amount:	$2 million, up from $1 million
Maturity:	May 20, 2015
Coupon:	5%, payable monthly
Price:	Par
Payout at maturity:	If final level of the lesser performer is at least 85% of the initial level, par; otherwise, 1.1765% loss for every 1% decline of worst-performing underlier
Initial levels:	$66.36 for fund, 1,119.495 for index
Knock-out levels:	$56.41 for fund, 951.571 for index, 85% of initial levels
Pricing dates:	April 15 for $1 million; May 16 for $1 million
Settlement dates:	April 21 for $1 million; May 21 for add-on
Agent:	Deutsche Bank Securities Inc.
Fees:	None
Cusip:	25152RJU8

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