Deutsche Bank plans securities linked to Deutsche Bank Balanced Currency Harvest

By E. Janene Geiss

Philadelphia, Oct. 26 - Deutsche Bank AG, London Branch plans to price an issue of zero-coupon 100% principal-protected performance securities due May 28, 2010 linked to the Deutsche Bank Balanced Currency Harvest index, according to an FWP filing with the Securities and Exchange Commission.

The index is designed to capitalize on the trend that currencies associated with high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates.

The notes are expected to price Nov. 26 and settle Nov. 30.

The payout at maturity will be par of $10 plus any gain on the index multiplied by a participation rate that will be between 105% and 125%. The exact participation rate will be set at pricing.

Investors will receive at least par.

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

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