Deutsche Bank to price notes linked to Fed Funds, Haven Plus indexes

By Angela McDaniels

Tacoma, Wash., Oct. 21 - Deutsche Bank AG, London Branch plans to price 0% securities due Nov. 21, 2016 linked to the Deutsche Bank Fed Funds Total Return index and the Deutsche Bank Haven Plus Excess Return index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity or redemption will be par multiplied by the quotient of the final basket level divided by the initial basket level.

The initial basket level is 100. On any subsequent trading day, the basket level is 100 plus the return of the Fed Funds index on that day plus double the Haven Plus index's return on that day.

The level of the Haven Plus index is lowered by an adjustment factor of 0.6% per year.

The notes will be called if the basket level falls below 40. They will be putable four times a year in February, May, August and November.

The notes (Cusip: 2515A1E31) are expected to price Nov. 16 and settle Nov. 21.

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

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