Deutsche Bank to price 0% barrier rebate securities linked to three indexes

By Laura Lutz

Des Moines, Oct. 2 - Deutsche Bank AG, London Branch plans to price zero-coupon barrier rebate securities due Nov. 5, 2008 linked to a basket of three indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 33.34% weight, the Dow Jones Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight.

If the basket does not close above its barrier level - 120% of its initial level - during the life of the securities and finishes above 90% of its initial level, the payout at maturity will be par plus any gain on the basket.

If the basket never closes above its barrier level and finishes below 90% of its initial level, the payout will be par plus the sum of the basket return and 10%.

If the basket ever closes above its barrier level during the life of the notes and finishes above 90% of its initial level, the payout will be par plus a rebate that is expected to be between 5.25% and 7.25%. The exact rebate will be set at pricing.

If the basket ever closes above its barrier level and finishes below 90% of its initial level, the payout will be par plus the sum of the basket return, 10% and the rebate.

The securities are expected to price on Oct. 25 and settle on Oct. 30.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the underwriters.

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