New Issue: Deutsche Bank prices $6.89 million buffered return optimization notes on Russell 2000

By Angela McDaniels

Tacoma, Wash., March 30 - Deutsche Bank AG, London Branch priced $6.89 million of 0% buffered return optimization securities due March 28, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.25 times any increase in the index, subject to a maximum return of 26.25%. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered return optimization securities
Underlying index:	Russell 2000 index
Amount:	$6,891,640
Maturity:	March 28, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.25 times any index gain, up to maximum return of 26.25%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	821.77
Pricing date:	March 28
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154P329

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