Deutsche Bank to price BUyS linked to Russell 1000

By Jennifer Chiou

New York, Jan. 4 - Deutsche Bank AG, London Branch plans to price Buffered Underlying Securities (BUyS) due July 29, 2009 linked to the Russell 1000 value index, according to an FWP filing with the Securities and Exchange Commission.

The securities are expected to price on Jan. 24 and settle Jan. 29.

The payout at maturity will be par plus 125% of any positive gain on the index, capped at a maximum return of 16.56% to 19.06%, with the exact cap determined at pricing.

If the index level declines by no more than 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.

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

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