Deutsche Bank plans to price absolute return notes linked to S&P 500

By E. Janene Geiss

Philadelphia, April 11 - Deutsche Bank AG, London Branch plans to price an issue of zero-coupon 100% principal protection absolute return barrier M-notes due Oct. 21, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes above or below its initial level by more than 22% to 23% at any time during the life of the notes, the payout at maturity will be par. The exact absolute return barrier will be set at pricing.

Otherwise, the payout will be par plus the absolute value of the index return.

The notes are expected to price April 21 and settle April 24.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.

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