Deutsche Bank plans 0% securities linked to Deutsche Bank Balanced Currency Harvest index

By Laura Lutz

Des Moines, May 30 - Deutsche Bank AG, London Branch plans to price an issue of 0% performance securities without protection due June 30, 2009 linked to the Deutsche Bank Balanced Currency Harvest index, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price June 25 and settle June 29.

The index is designed to capitalize on the trend that currencies associated with high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates.

If the return on the index is positive, investors will receive par plus the return on the index times a participation rate that will be between 220% and 240%. The exact participation rate will be determined at pricing.

Investors will be fully exposed to any decline in the index.

UBS Financial Services Inc. and Deutsche Bank Securities will be the underwriters.

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