Deutsche Bank plans quarterly review notes on S&P 500 via JPMorgan

By Susanna Moon

Chicago, April 23 - Deutsche Bank AG, London Branch plans to price 0% quarterly review notes due May 15, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 11.7% if the index closes at or above the initial level on any of the quarterly review dates.

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

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

The notes will price on April 27 and settle on May 2.

The Cusip number is 2515A1JL6.

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