New Issue: Deutsche Bank prices $6.61 million return optimization securities linked to Russell

By Toni Weeks

San Luis Obispo, Calif., July 30 - Deutsche Bank AG, London Branch priced $6.61 million of 0% return optimization securities due Aug. 29, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 14.54%. If the final index level is less than the initial index level, investors will be fully exposed to the decline.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Return optimization securities
Underlying index:	Russell 2000
Amount:	$6,614,540
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any gain in the index, subject to a maximum return of 14.54%; full exposure to losses
Initial level:	1,048.51
Pricing date:	July 26
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25155H136

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