Deutsche Bank to price return optimization securities linked to Canadian dollar

By Jennifer Chiou

New York, Nov. 6 - Deutsche Bank AG plans to price 0% return optimization securities due May 29, 2009 linked to the appreciation of the U.S. dollar relative to the Canadian dollar, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any positive return on the rate, up to a maximum gain that will be between 18% and 21%, with the exact cap set at pricing. Investors will participate in any losses.

The notes will price on Nov. 27 and settle on Nov. 30.

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

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