Deutsche Bank plans 0% securities linked to Deutsche Bank Balanced Currency Harvest index

By E. Janene Geiss

Philadelphia, Feb. 2 - Deutsche Bank AG, London Branch plans to price an issue of 0% performance securities without protection due Feb. 27, 2009 linked to the Deutsche Bank Balanced Currency Harvest index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price Feb. 21 and settle Feb. 28.

The index Deutsche Bank G10 Currency Future Harvest Index is designed to capitalize on the trend that currencies associated with high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10.00 plus the return on the index multiplied by the participation rate, which will be between 220% and 240% and will be determined at pricing.

If the final index level declines, investors will share in losses.

UBS Financial Services Inc. and Deutsche Bank Securities are the underwriters.

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