Deutsche Bank to price S&P plus tracker notes linked to two indexes

By Angela McDaniels

Tacoma, Wash., Nov. 22 - Deutsche Bank AG, London Branch plans to price 0% S&P plus tracker notes due Jan. 13, 2012 linked to a basket of indexes that includes the S&P 500 Total Return index and the Deutsche Bank Equity Mean Reversion Alpha index, according to an FWP filing with the Securities and Exchange Commission.

The basket level on any day equals 100 plus the return of the S&P 500 Total Return plus double the return of the Emerald index. The return of each index is reduced by an adjustment factor, which is a flat 0.35% for the S&P 500 Total Return and 1% per year for the Emerald index.

The payout at maturity will be par plus the basket return, which could be positive or negative.

The notes will be called at par plus the basket return if the basket level falls below 40.

The notes (Cusip 2515A1BW0) are expected to price Dec. 3 and settle Dec. 8.

Deutsche Bank Securities Inc. is the agent.

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