Deutsche plans 0% return optimization securities linked to S&P 500

By Jennifer Chiou

New York, April 24 - Deutsche Bank AG plans to price 0% return optimization securities due June 14, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 14% to 17%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip: 25154V359) will price on May 10 and settle on May 15.

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

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