Deutsche Bank plans principal protection barrier M-notes linked to Russell 2000

By Susanna Moon

Chicago, April 2 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection barrier M-notes due Oct. 29, 2009 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index stays within the upper and lower index barriers during the life of the notes, the payout at maturity will be par plus the absolute value of the index return.

Otherwise, the payout will be par.

The upside barrier will be 26% to 29% above the initial index level, and the downside barrier will be 15% below the initial level. The exact amounts will be set at pricing.

The notes are expected to price on April 24 and settle on April 29.

Deutsche Bank Securities Inc. is the agent.

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