Deutsche Bank to sell BUyS linked to ETF, two indexes

By Susanna Moon

Chicago, July 21 - Deutsche Bank AG, London Branch plans to price 0% Buffered Underlying Securities due Oct. 29, 2009 linked to an exchange-traded fund and two indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 with a 40% weight and the Financial Select Sector SPDR fund with a 20% weight.

Payout at maturity will be par plus double any gain in the basket, with the basket return capped at 11%. The maximum return on the notes is 22%.

Investors will receive par if the basket falls by up to 10% and will be exposed to losses beyond 10%.

The securities are expected to price on July 22 and settle on July 29.

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

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