Deutsche Bank to price absolute return barrier M-notes linked to S&P 500

By Jennifer Chiou

New York, Dec. 11 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection absolute return barrier M-notes due June 24, 2010 linked to the S&P 500 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 upper barrier will be 39.5% to 46.5% above the initial index level, and the lower barrier will be 15% below the initial level.

The notes are expected to price on Dec. 19 and settle on Dec. 24.

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

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