New Issue: Deutsche prices $1.89 million performance notes on currency basket

By Jennifer Chiou

New York, Aug. 28 - Deutsche Bank AG, London Branch priced $1,885,000 of 0% performance securities due Aug. 29, 2014 linked to a basket of equally weighted currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, the Canadian dollar, the Norwegian krone and the Swedish krona, each relative to the U.S. dollar.

The payout at maturity will be par of $10 plus 120% of any basket gain.

If the basket falls, investors will be exposed to any losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Performance securities
Underlying currencies:	Australian dollar, Canadian dollar, Norwegian krone and Swedish krona, equally weighted and measured relative to U.S. dollar
Amount:	$1,885,000
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 120% of any basket gain; otherwise, full exposure to decline in basket
Initial spot rates:	1.1073 for Australian dollar, 1.05245 for Canadian dollar, 6.0197 for krone, 6.49095 for krona
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities
Fees:	1.75%
Cusip:	25155L673

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