Deutsche Bank plans capped knock-out notes tied to basket of 15 stocks

By Toni Weeks

San Diego, Nov. 9 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Nov. 28, 2012 linked to a basket of 15 common stocks, equally weighted, according to an FWP filing with the Securities and Exchange Commission.

The underlying stocks are Apple Inc., Broadcom Corp., priceline.com Inc., EMC Corp., Intel Corp., Linear Technology Corp., Marvell Technology Group Ltd., NetApp, Inc., Qualcomm Inc., Riverbed Technology, Inc., SanDisk Corp., Google Inc., International Business Machines Corp., Oracle Corp. and Symantec Corp.

A knock-out event occurs if the basket level falls by more than 20% from the initial level on the final valuation day.

If a knock-out event does not occur, the payout at maturity is par plus any gain in the stock, subject to a contingent minimum return of at least 2.5% and a maximum return of at least 20%. The exact contingent minimum return and maximum return will be determined at pricing.

If a knock-out event occurs, the payout at maturity will be par plus the stock return, with full exposure to losses.

The notes (Cusip: 2515A1EJ6) are expected to price Nov. 11 and settle Nov. 16.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will act as agents.

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