Deutsche Bank to price return enhanced notes linked to 11 stocks via JPMorgan

By Angela McDaniels

Tacoma, Wash., May 29 - Deutsche Bank AG plans to price 0% return enhanced notes due June 17, 2010 linked to a basket of stocks via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes the American Depositary Shares of Cemex, SAB de CV and Siemens AG and the common stocks of 3M Co., AGCO Corp., Corning Inc., Deere & Co., Dover Corp., Illinois Tool Works Inc., Textron Inc., Tyco International Ltd. and United Technologies Corp.

The payout at maturity will be par plus 300% of any basket gain, subject to a maximum return of at least 34.2%. The exact cap will be set at pricing. Investors will be fully exposed to any basket decline.

For each stock, the final share price will be equal to the average of its closing prices on the five trading days ending June 14, 2010.

The notes will price on May 30 and settle on June 4.

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