New Issue: Deutsche prices $4.78 million autocallable securities due 2015 tied to Russell 2000

By Toni Weeks

San Diego, Sept. 27 - Deutsche Bank AG, London Branch priced $4.78 million of 0% autocallable securities due Sept. 30, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized return of 12% if the index closes at or above the initial index level on Oct. 1, 2013, Sept. 25, 2014 or Sept. 25, 2015.

If the notes are not called and the final index level is at least 70% of the initial level, the payout at maturity will be par. If the final level is less than 70% of the initial level, investors will be exposed to the decline from the initial index level to the final index level.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$4.78 million
Maturity:	Sept. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 70% of the initial level, par; otherwise, full exposure to losses from initial index level
Initial level:	839.12
Knock-in level:	587.38, 70% of initial level
Call:	At par plus 12%, annualized, if index closes at or above initial level on Oct. 1, 2013, Sept. 25, 2014 or Sept. 25, 2015
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agent:	Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	2515A1LQ2

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