Deutsche Bank to price buffered absolute return barrier notes linked to MSCI EAFE

By E. Janene Geiss

Philadelphia, Nov. 9 - Deutsche Bank AG, London Branch plans to price zero-coupon buffered absolute return barrier securities due May 29, 2009 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

If the index never closes above the upper index barrier or below the lower index barrier during the life of the notes, the payout at maturity will be par plus the absolute value of the index return.

If the index closes outside the index barriers and by 15% or less, the payout will be par. Investors will lose 1% for every 1% the index declines beyond 15%.

The upper and lower index barriers will be between 36% and 42% above and below the initial index level, respectively. The exact barriers will be set at pricing.

The notes are expected to price Nov. 27 and settle Nov. 30.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.

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