Deutsche Bank plans principal protection barrier notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Dec. 11 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection barrier notes due Dec. 27, 2011 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 33.334% weight and the MSCI EAFE and Russell 2000 indexes, each with a 33.333% weight.

If the basket closes above the barrier level on any day during the life of the notes, the payout at maturity will be par plus 6%. Otherwise, the payout will be par plus any basket gain.

The barrier level is expected to be 145% to 154% of the initial level and will be set at pricing.

The notes are expected to price on Dec. 19 and settle on Dec. 24.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

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