Deutsche Bank to price reverse convertible securities linked to Symantec

By Devika Patel

New York, Aug. 10 - Deutsche Bank AG, London Branch plans to price reverse convertible securities due Aug. 19, 2008 linked to the common stock of Symantec Corp., according to a FWP filing with the Securities and Exchange Commission.

The securities will carry a coupon of 11% to 12.5%, payable quarterly. The exact coupon will be determined at pricing. The initial stock price will be a price of Symantec's stock on the trading date, subject to adjustments.

The payout at maturity will be par unless Symantec stock falls by 25% or more during the life of the securities and finishes below the initial share price, in which case payout will be a number of Symantec shares equal to $1,000 divided by the initial stock price, subject to adjustments.

The expected trade date is Aug. 10 and the expected settlement date is Aug. 16.

Deutsche Bank Securities Inc., acting as underwriter, will not receive any discounts or commissions in connection with the sale of the securities.

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