Deutsche to price principal protection barrier M-notes linked to S&P BRIC 40

By Jennifer Chiou

New York, April 10 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection barrier M-notes due Oct. 30, 2009 linked to the S&P BRIC 40 index, according to an FWP filing with the Securities and Exchange Commission.

If the index remains at or above the lower barrier and at or below the upper barrier throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return. Otherwise, the payout will be par.

The lower barrier will be 80% of the initial index level, and the upper barrier will be between 123% and 126% of the initial level. The exact upper barrier will be set at pricing.

The notes are expected to price on April 25 and settle on April 30.

Deutsche Bank Securities Inc. will be the agent.

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