Deutsche Bank plans barrier optimization securities linked to S&P 500

By E. Janene Geiss

Philadelphia, April 8 - Deutsche Bank AG, London Branch plans to price 0% barrier optimization securities with partial protection due May 3, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index never exceeds the index barrier, the payout at maturity will be par of $10 plus any index return. The index barrier will be 33.5% to 37.5% of the index's starting level with the exact barrier set at pricing.

Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.

The notes are expected to price on April 27 and settle on April 30.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

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