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Deutsche Bank plans absolute return barrier M-notes linked to Russell 1000 Growth
By Jennifer Chiou
New York, Nov. 16 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection absolute return barrier M-notes due May 29, 2009 linked to the Russell 1000 Growth index, according to an FWP filing with the Securities and Exchange Commission.
If the index ever closes above or below its initial level by more than the absolute return barrier, the payout at maturity will be par.
Otherwise, the payout will be par plus the absolute value of the index return.
The absolute return barrier is expected to be 23.5%. The exact barrier will be set at pricing.
The notes are expected to price on Nov. 26 and settle on Nov. 29.
Deutsche Bank Securities Inc. is the underwriter.
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