Deutsche Bank to price 0% BUyS linked to S&P 500

By Laura Lutz

Des Moines, Feb. 8 - Deutsche Bank AG, London Branch plans to price 0% Buffered Underlying Securities (BUyS) due Aug. 21, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will the par plus any positive gain on the index, capped at a maximum payout that is expected to be between 119% and 121% of par.

If the index level declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.

The securities were expected to price on Feb. 15 and settle on Feb. 21.

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

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