Deutsche Bank plans 0% digital notes linked to SPDR S&P Homebuilders

By Susanna Moon

Chicago, Aug. 20 - Deutsche Bank AG, London Branch plans to price 0% digital optimization securities due Sept. 5, 2013 linked to the SPDR S&P Homebuilders exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the initial share price, the payout at maturity will be par of $10.00 plus a digital return of 18.5% to 19.5%. The exact percentage will be set at pricing.

Investors will be exposed to any losses if the index falls.

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

The notes will price on Aug. 28 and settle on Aug. 31.

The Cusip number is 25154X421.

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