Deutsche Bank plans absolute return barrier M-notes linked to S&P 500

By E. Janene Geiss

Philadelphia, Nov. 30 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection absolute return barrier M-notes due Dec. 22, 2008 linked to the S&P 500 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 17% to 19%. The exact barrier will be set at pricing.

The notes are expected to price Dec. 18 and settle Dec. 21.

Deutsche Bank Securities Inc. is the underwriter.

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