Deutsche plans autocallable return notes tied to S&P 500 via JPMorgan

By Susanna Moon

Chicago, Jan. 12 - Deutsche Bank AG, London branch plans to price autocallable return enhanced notes due Feb. 1, 2012 based on the performance of the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will act as agents.

The notes will be called at a price of at least $1,084.20 per $1,000 principal amount if the index closes level at or above 104.21% of the initial level on April 14, July 14 or Oct. 14, 2011.

The payout at maturity will be double any gain in the index, up to a maximum return of at least 8.42%.

Investors will be exposed to any index decline.

The exact deal terms for the notes (Cusip: 2515A12V2) will be set at pricing on Jan. 14. Settlement is expected to occur on Jan. 20.

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