Deutsche Bank to price 0% autocallable notes linked to Nasdaq 100

By E. Janene Geiss

Philadelphia, Sept. 6 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Sept. 30, 2010 linked to the Nasdaq 100 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price Sept. 25 and settle Sept. 28.

The notes will automatically be called if the index level is at or above the initial index level on any observation date.

The redemption amount will be par plus between 110% and 111% if the notes are called Sept. 25, 2008, par plus between 120% and 122% if the notes are called Sept. 25, 2009 and par plus between 130% and 133% if the notes are called Sept. 27, 2010. The exact redemption amounts will be determined at pricing.

If the notes are not called, the payout at maturity will be par unless the index hits the trigger level - 85% of the initial index level - during the life of the notes and finishes below the initial index level, in which case investors will be fully exposed to the decline in the index.

Deutsche Bank Securities, Inc. and Deutsche bank Trust Co. Americas will be the agents for the offering.

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