Deutsche plans contingent return optimization notes on Russell 2000

By Jennifer Chiou

New York, July 5 - Deutsche Bank AG, London Branch plans to price 0% contingent return optimization securities due July 31, 2014 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

If the final index level is at least 70% of the initial level, the payout at maturity will be par plus the greater of the 10% contingent return and the index return, subject to a maximum return of 30% to 37%. The exact maximum return will be determined at pricing.

If the final index level is less than 70% of the initial level, investors will be fully exposed to the decline.

The notes (Cusip: 25154X611) are expected to price on July 26 and settle on July 31.

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

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