Deutsche Bank plans issue of EARNs linked to three indexes

By Laura Lutz

Des Moines, Oct. 31 - Deutsche Bank AG, London Branch plans to price an issue of 0% Efficient Allocation Return Notes (EARNs) linked to the S&P 500 index, the MSCI Emerging Markets index and the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be due on or about May 31, 2012.

The payout at maturity will be par plus 50% of the highest of the three index performances, 30% of the second-highest index performance and 20% of the lowest index performance.

Investors will receive at least par.

The notes are expected to price on Nov. 27 and settle on Nov. 30.

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

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