New Issue: Deutsche Bank prices $412,000 capped BUyS tied to S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., Sept. 27 - Deutsche Bank AG, London Branch priced $412,000 of 0% capped buffered underlying securities due Sept. 30, 2014 linked to an equally weighted basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index and the Russell 2000 index.

The payout at maturity will be par plus double any basket gain, subject to a maximum return of 19%.

Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% decline beyond 10%.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped buffered underlying securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$412,000
Maturity:	Sept. 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at 19%; par if basket declines by 10% or less; 1% loss per 1% drop beyond 10%
Initial levels:	1,441.59 for S&P 500, 839.12 for Russell
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agent:	Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	2515A1LK5

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