Deutsche Bank to price BUyS linked to S&P 500

By E. Janene Geiss

Philadelphia, Nov. 20 - Deutsche Bank AG, London Branch plans to price Buffered Underlying Securities (BUyS) due Dec. 5, 2012 linked to the S&P 500, according to an FWP filing with the Securities and Exchange Commission.

The securities are expected to price Nov. 30 and settle Dec. 5.

The payout at maturity will be par plus 145% to 155% of any gain on the index, subject to a maximum return on the notes of 50%. The exact participation rate will be determined at pricing.

If the index level declines by no more than 20%, the payout will be par. Investors will lose 1% for each 1% decline beyond 20%.

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

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