Deutsche Bank plans 0% performance securities linked to Nikkei 225

By Jennifer Chiou

New York, May 2 - Deutsche Bank AG, London Branch plans to price 0% performance securities with contingent protection due May 31, 2012 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price May 24 and settle May 31.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the return on the index multiplied by a participation rate, which will be determined at pricing and is expected to be between 150% and 165%.

If the final index level is equal to or less than the initial index level, but does not close below a trigger level of 50% of the initial index level, investors will receive par. If the index falls below the trigger level during the life of the notes, investors will share in any losses.

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

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