Deutsche Bank plans review notes linked to S&P GSCI Brent Crude Oil

By Toni Weeks

San Diego, Sept. 6 - Deutsche Bank AG, London Branch plans to price 0% review notes due March 14, 2012 linked to the S&P GSCI Brent Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of at least 6.05% per year if the index closes at or above the initial index level on any business day from Dec. 9 to March 9, 2012, inclusive. The exact call premium will be set at pricing.

If the notes are not called, the payout at maturity will be par if the final index level is at least 80% of the initial level. Otherwise, investors will lose 1% for every 1% that the index declines from the initial level.

The notes (Cusip: 2515A1CW9) are expected to price Sept. 9 and settle Sept. 14.

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

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