Deutsche Bank plans alpha overlay securities linked to two indexes

By Jennifer Chiou

New York, Nov. 13 - Deutsche Bank AG, London Branch plans to price 0% alpha overlay securities due Jan. 7, 2011 linked to an equally weighted basket holding the Deutsche Bank Commodity Booster-Dow Jones-UBS 14 TV index and the Deutsche Bank Commodity Harvest - 10 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called if the basket level falls below 40% of its initial level.

The payout upon redemption or at maturity will be par plus the return of the index basket. Each index's return can be positive or negative and will be reduced by an adjustment factor.

The adjustment factor is 0.75% per year plus 2.5% per year.

The notes are expected to price on Dec. 4 and settle on Dec. 9.

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

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