New Issue: Deutsche Bank prices $1 million digital optimization notes on SPDR S&P Oil & Gas

By Marisa Wong

Madison, Wis., Oct. 17 - Deutsche Bank AG, London Branch priced $1 million of 0% digital optimization securities due Oct. 23, 2014 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is zero or positive, the payout at maturity will be par plus a digital return of 16.4%. Investors will be fully exposed to any decline in the fund.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital optimization securities
Underlying fund:	SPDR S&P Oil & Gas Exploration and Production ETF
Amount:	$1 million
Maturity:	Oct. 23, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is zero or positive, par plus 16.4%; full exposure to any losses
Initial price:	$69.08
Pricing date:	Oct. 15
Settlement date:	Oct. 18
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25155L186

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