Deutsche Bank plans to price capped knock-out notes linked to Coach

By Angela McDaniels

Tacoma, Wash., May 22 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due June 11, 2014 linked to the common stock of Coach, Inc., according to an FWP filing with the Securities and Exchange Commission.

If the final price of Coach shares is at least 80% of the initial share price, the payout at maturity will be par plus the greater of 5% and the stock return, subject to a maximum return of at least 21.05%. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

The exact maximum return will be set at pricing.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The notes are expected to price May 24 and settle May 30.

The Cusip number is 25152RDA8.

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