Deutsche Bank to price buffered absolute return barrier notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Dec. 3 - Deutsche Bank AG, London Branch plans to price 0% buffered absolute return barrier securities due June 16, 2011 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund never closes above the upper barrier or below the lower barrier during the life of the notes, the payout at maturity will be par plus the absolute value of the fund return.

If the fund ever closes above the upper barrier or below the lower barrier, the payout will be par if the final fund level is at least 85% of the initial level. Otherwise, investors will lose 1% for every 1% that the fund declines beyond 15%.

The upper barrier will be 133.5% to 143.5% of the initial fund level, and the lower barrier will be 85% of the initial level. The exact upper barrier will be set at pricing.

The notes are expected to price Dec. 11 and settle Dec. 16.

Deutsche Bank Securities Inc. is the agent.

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