New Issue: Deutsche Bank prices $10 million performance securities tied to basket of currencies

By Toni Weeks

San Diego, June 28 - Deutsche Bank AG, London Branch, priced $10 million of 0% performance securities due June 28, 2013 linked to a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Indian rupee, the Indonesian rupiah, the Malaysian ringgit, the Korean won and the Russian ruble, all equally weighted.

If the basket return is positive, the payout at maturity will be par of $10 plus any gain in the basket multiplied by a participation rate of 560%.

Investors will be fully exposed to any decrease in the basket.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Performance securities
Underlying currencies:	Indian rupee, Indonesia rupiah, Malaysian ringgit, Korean won and Russian ruble, equally weighted and relative to the dollar
Amount:	$10 million
Maturity:	June 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 560% times any gain in the basket; full exposure to losses
Initial exchange rates:	44.995 for rupee, 8,600 for rupiah, 3.04 for ringgit, 1,078.85 for won, 28.2735 for ruble
Pricing date:	June 24
Settlement date:	June 29
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154W431

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