Deutsche Bank plans absolute return barrier notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Nov. 29 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection absolute return barrier notes due June 30, 2009 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price on Dec. 21 and settle on Dec. 31.

If the index closes above the upper index barrier or below the lower index barrier during the life of the notes, the payout at maturity will be par of $10. Otherwise, the payout will be par plus the absolute value of the index return.

The upper and lower index barriers will be between 29.5% and 32.5% above and below the initial index level, respectively.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. will be the agents.

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