Deutsche Bank to price two-year capped BUyS linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 1 - Deutsche Bank AG, London Branch plans to price 0% capped Buffered Underlying Securities due Oct. 14, 2011 linked to the S&P 500, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at a maximum return of 21.5% to 27.5%. The precise cap level will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

The notes will price on Oct. 9 and settle on Oct. 15.

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

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