Deutsche Bank to price 0% double opportunity notes linked to DB Liquid Commodity Mean Reversion

By Laura Lutz

Des Moines, Oct. 18 - Deutsche Bank AG, London Branch plans to price 0% double opportunity notes due Nov. 28, 2008 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The index is composed of futures contracts on six commodities: crude oil, heating oil, aluminum, gold, wheat and corn. The index captures returns from spot return and roll yield.

The notes are expected to price Oct. 24 and settle Oct. 29.

If the final index level is above the initial level, the payout will be par plus double the gain on the index, capped at between 27% and 29%. The exact cap will be set at pricing.

Otherwise, the payout will be par minus the index decline.

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

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