New Issue: Deutsche Bank prices $1.7 million performance securities linked to basket of currencies

By Toni Weeks

San Diego, Aug. 16 - Deutsche Bank AG, London Branch, priced $1.7 million of 0% performance securities due Aug. 20, 2012 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Australian dollar, the Canadian dollar, the Norwegian krone and the Swedish krona, all equally weighted.

If the basket return is positive, the payout at maturity will be par of $10 plus 160% of the gain in the basket. Investors will be fully exposed to any decrease in the basket.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Performance securities
Underlying currencies:	Australian dollar, Canadian dollar, Norwegian krone and Swedish krona, equally weighted and relative to the U.S. dollar
Amount:	$1,696,000
Maturity:	Aug. 20, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any gain in the basket; full exposure to losses
Initial exchange rates:	0.9682 for Australian dollar, 0.9908 for Canadian dollar, 5.53075 for krone and 6.5046 for krona
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154W100

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