Deutsche Bank to price phoenix autocallables linked to Halliburton

By Angela McDaniels

Tacoma, Wash., April 10 - Deutsche Bank AG, London Branch plans to price phoenix autocallable securities due May 1, 2013 linked to the common stock of Halliburton Co., according to an FWP filing with the Securities and Exchange Commission.

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

If Halliburton stock closes at or above the trigger level, 75% of the initial share price, on a quarterly observation date, the issuer will pay an annualized contingent coupon of 18.3% for that quarter.

If the shares close at or above the initial price on a quarterly observation date, the notes will be automatically called at par plus the contingent coupon.

If the notes are not called and Halliburton shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the share price decline.

The notes (Cusip: 2515A1JE2) are expected to price April 13 and settle Apri1 18.

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