Deutsche Bank plans market contribution notes linked to DB Commodity Booster index

By Angela McDaniels

Tacoma, Wash., Feb. 23 - Deutsche Bank AG, London Branch plans to price market contribution securities due July 1, 2011 linked to the Deutsche Bank Commodity Booster - Dow Jones - UBS Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The interest rate is Libor minus 15 basis points. Interest is payable monthly.

The payout at maturity will be par plus three times the sum of the index return minus the adjustment factor, which is 0.4% per year.

Until June 28, the notes are putable, subject to a minimum of $1 million, and they will be called if the index declines by 15% or more.

Upon redemption, the payout will be par plus three times the sum of the index return multiplied by the discount factor minus the adjustment factor.

The notes (Cusip: 2515A14Q1) are expected to price Feb. 24 and settle March 1.

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

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