New Issue: Deutsche Bank prices $1.63 million buffered return notes on S&P MidCap

By Susanna Moon

Chicago, June 29 - Deutsche Bank AG, London Branch priced $1.63 million of buffered return optimization securities due June 28, 2013 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par of $10 plus 1.25 times any gain in the index, up to a maximum return of 22%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered return optimization securities
Underlying index:	S&P MidCap 400
Amount:	$1,632,900
Maturity date:	June 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% any index return, capped at 22%; exposure to losses beyond 10%
Initial level:	950.34
Pricing date:	June 27
Settlement date:	June 30
Agents:	UBS Financial Services Inc and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154W589

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