Deutsche Bank to price principal-protected notes linked to DB Liquid Commodity index

By E. Janene Geiss

Philadelphia, Jan. 3 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal-protected notes due Jan. 31, 2013 linked to the Deutsche Bank Liquid Commodity Index - Optimum Yield Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The Deutsche Bank Liquid Commodity Index - Optimum Yield Excess Return reflects the performance of a basket of futures contracts relating to six commodities and measures the value of this basket by tracking the closing prices of certain exchange traded contracts for the future delivery of each of these commodities. The commodities included are West Texas Intermediate light sweet crude oil, New York Harbor No. 2 heating oil, high grade primary aluminum, gold, corn and wheat.

The payout at maturity will be par plus any index gain multiplied by a participation rate that will be determined at pricing and is expected to be 100% to 120%. Investors will receive at least par.

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

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.

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