Deutsche Bank plans three-year equity basket notes linked to seven ETFs

By Angela McDaniels

Tacoma, Wash., Oct. 2 - Deutsche Bank AG, London Branch plans to price equity basket notes due Oct. 31, 2012 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Oil Services Holdrs trust, Market Vectors Gold Miners ETF, SPDR S&P Metals & Mining ETF, iShares Dow Jones U.S. Real Estate index fund, iShares MSCI EAFE index fund, PowerShares QQQ trust, series 1 and iShares Barclays 1-3 Year Treasury Bond fund.

On Nov. 5, 2010, Nov. 1, 2011 and at maturity, the notes will pay a coupon equal to the average of the basket funds' returns. Each annual coupon will be subject to a floor of zero, and the return of each basket fund will be capped at 5.25% to 6.25%. The exact cap will be set at pricing.

In addition to the last coupon, the payout at maturity will be par.

The notes are expected to price Oct. 27 and settle Oct. 30.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

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