Deutsche Bank to price 0% absolute return notes linked to MSCI EAFE via UBS

By E. Janene Geiss

Philadelphia, July 26 - Deutsche Bank AG, London Branch plans to price an offering of zero-coupon principal-protected absolute return barrier notes due Feb. 27, 2009 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

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

The notes are expected to price Aug. 28 and settle Aug. 31.

If the index remains within the upper and lower index barriers during the life of the notes, the payout at maturity will be par of $10.00 plus the absolute value of the index return.

If the index ever closes above the upper index barrier or below the lower index barrier, the payout will be par.

The barriers will be between 23.5% and 25.5% above and below the initial index level, with the exact barriers to be determined at pricing.

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