Deutsche Bank to issue call warrants linked to Financial Select Sector SPDR, S&P 500 via Oppenheimer

By Laura Lutz

Des Moines, April 4 - Deutsche Bank AG, London Branch plans to price 0% call warrants linked to the outperformance of the Financial Select Sector SPDR fund over the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Deutsche Bank Securities Inc. and Oppenheimer & Co. are the underwriters.

The warrants expire on April 26, 2010.

If the outperformance amount is positive, investors will receive a cash payment equal to the notional amount times the outperformance amount on the expiration date.

Otherwise, the warrants will expire worthless and investors will lose their entire investments.

The notional amount will be $100.00 per warrant. The issue price will be $13.65 to $14.65. Therefore, investors will lose part of their investment in the warrants if the outperformance amount is positive but less than 13.65% to 14.65%.

The warrants are expected to price on April 25 and settle on April 30.

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