Deutsche Bank to price 0% buffered notes linked to S&P 500 via JPMorgan

By E. Janene Geiss

Philadelphia, July 29 - Deutsche Bank AG, London Branch plans to price 0% buffered return enhanced notes due Aug. 19, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

The payout at maturity will be par plus double any gain on the index, up to a maximum return of 15.2%.

If the index falls by 10% or less, the payout will be par. Investors will lose 1.1111% for each 1% decline beyond 10%.

The notes are expected to price on July 31 and settle on Aug. 5.

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