Deutsche Bank plans notes linked to commodities basket

By Laura Lutz

Des Moines, July 3 - Deutsche Bank AG plans to price an issue of notes due Jan. 31, 2011 linked to a weighted basket of two commodities and three sub-indices of the Deutsche Bank Liquid Commodity Index-Optimum Yield (DBLCI-OY) excess return, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of copper grade A with a 15% weight, aluminum with a 15% weight, the DBLCI-OY crude oil excess return with a 35% weight, the DBLCI-OY agriculture excess return with a 20% weight and the DBLCI-OY precious metals excess return with a 15% weight.

The payout at maturity will be par plus 130% of the return on the basket if the return is positive. If the return is negative, the payout will be par plus 30% of the absolute value of the decline in the index.

The notes are expected to price on July 26 and settle on July 31.

Deutsche Bank Securities and Deutsche Bank Trust Co. Americas are the underwriters.

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