Deutsche Bank plans 90% protected notes linked to DB Liquid Commodity index

By Jennifer Chiou

New York, March 14 - Deutsche Bank AG, London Branch plans to price 90% principal-protected notes due March 22, 2012 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The index reflects the performance of a basket of futures contracts related to West Texas Intermediate light sweet crude oil, heating oil, high-grade primary aluminum, gold, corn and wheat.

If the index performance is positive, the payout at maturity will be 90% of par plus the additional index return of 10% and 75% to 80% of any index gain. If the index return is less than zero, investors will receive 90% of par plus the index performance and the additional index return of 10%. Investors will receive at least 90% of par.

The notes are expected to price on March 17 and settle on March 20.

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

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