Deutsche Bank plans to price 0% buffered securities linked to S&P 500

By E. Janene Geiss

Philadelphia, Feb. 4 - Deutsche Bank AG, London Branch plans to price 0% buffered securities due March 29, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes above the upper barrier or below the lower barrier, the payout will be par plus any return on the index.

The upper barrier will be 138.5% to 142.5% of the initial index level with the exact barrier level to be set at pricing. The lower barrier will be 80% of the initial index level.

If the final index level declines from the initial level, the payout will be the absolute value of any index decline.

The notes are expected to price Feb. 24 and settle Feb. 27.

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

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