Deutsche Bank plans absolute return barrier securities linked to Russell Midcap

By Laura Lutz

Des Moines, Nov. 16 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection absolute return barrier securities due May 29, 2009 linked to the Russell Midcap index, according to an FWP filing with the Securities and Exchange Commission.

If, during the life of the notes, the index ever closes above its upper barrier or below its lower barrier, the payout at maturity will be par. The upper barrier is expected to be about 150% of the initial level, and the lower barrier is expected to be 85% of the initial level. The exact barriers will be set at pricing.

If the index never closes outside the barrier range and finishes at or above 85% of its initial level, the payout at maturity will be par plus the absolute value of the index return.

Investors will lose 1% for each 1% that the index declines beyond 30%.

The notes are expected to price on Nov. 26 and settle on Nov. 29.

Deutsche Bank Securities Inc. is the underwriter.

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