Deutsche Bank to price 0% market contribution securities linked to DB Liquid Alpha USD 5 index

By E. Janene Geiss

Philadelphia, Oct. 14 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due Nov. 8, 2013 linked to the Deutsche Bank Liquid Alpha USD 5 Total Return Index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return minus the adjustment factor, which will lower the payout by 1.75% per year. Investors are fully exposed to any decline in the index.

The notes will be putable on Nov. 6, 2009, Nov. 8, 2010, Nov. 7, 2011 and Nov. 6, 2012, and the redemption amount will be determined in the same way as the payout at maturity.

The notes are callable at any time, with the payment also determined in the same way as the payout at maturity.

The final index level will be the arithmetic average of the index's closing levels on the five consecutive trading days ending Nov. 5, 2013.

The notes are expected to price Oct. 31 and settle Nov. 5.

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

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