Deutsche plans return enhanced notes linked to S&P 500 via JPMorgan

By Jennifer Chiou

New York, April 5 - Deutsche Bank AG, London Branch plans to price 0% return enhanced notes due April 25, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of at least 17.3% that will be set at pricing. Investors will share in any losses.

The final index level will be the average of the index's closing levels on the five days ending on April 20, 2012.

The notes (Cusip: 2515A15R8) are expected to price on April 8 and settle on April 13.

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

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