Deutsche Bank plans one-year review notes with buffer tied to S&P 500

By Marisa Wong

Madison, Wis., Jan. 10 - Deutsche Bank AG, London Branch plans to price 0% review notes due Jan. 30, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized 12.7% premium if the index closes at or above the initial level on any of four quarterly review dates beginning on April 25.

If the notes are not called, investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

The notes (Cusip: 2515A1G96) will price on Jan. 13 and settle on Jan. 19.

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

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