Deutsche plans return enhanced notes linked to basket of 15 stocks

By Jennifer Chiou

New York, May 21 - Deutsche Bank AG, London Branch plans to price 0% return enhanced notes linked to a basket of 15 stocks due June 2, 2011, according to an FWP with the Securities and Exchange Commission.

The basket includes equal weights of Apache Corp., Archer-Daniels-Midland Co., Barrick Gold Corp., Cliff's Natural Resources Inc., Companhia Vale do Rio Doce, El Paso Corp., Freeport-McMoRan Copper & Gold Inc., Monsanto Co., Newmont Mining Corp., Noble Energy, Inc., Occidental Petroleum Corp., Petroleo Brasileiro SA, Potash Corp. of Saskatchewan Inc., Sociedad Quimica Y Minera De Chile SA and XTO Energy Inc.

The payout at maturity will be par plus triple any basket gain, up to a maximum return of at least 60%. Investors will be fully exposed to any basket decline.

The notes will price on May 27 and settle on June 1.

J.P. Morgan Securities Inc. will be the agent.

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