Deutsche Bank to price capped knock-out notes linked to Brent crude

By Angela McDaniels

Tacoma, Wash., Sept. 6 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Sept. 19, 2012 linked to Brent crude futures contracts, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event will occur if the final futures contract price is less than 80% of the initial price.

If a knock-out event has not occurred, the payout at maturity will be par plus at least 260% of the commodity return, subject to a minimum payout of par and a maximum return of at least 26%. The exact participation rate and cap will be set at pricing.

If a knock-out event has occurred, investors will be exposed to the decline in the futures contract price from the initial price.

The notes (Cusip: 2515A1CV1) are expected to price Sept. 9 and settle Sept. 14.

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

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