Coincident (Super)-Dp-Branes of Codimension One

We consider properties of a covariant worldvolume action for a system of N coincident Dp-branes in D=(p+2) dimensional space-time (so called codimension one branes). In the case of N coincident D0-branes in D=2 we then find a generalization of this action to a model which includes fermionic degrees of freedom and is invariant under target-space supersymmetry and worldline kappa-symmetry. We find that the type IIA D=2 superalgebra generating the supersymmetry transformations of the ND0-brane system acquires a non-trivial "central extension" due to a nonlinear contribution of U(N) adjoint scalar fields. Peculiarities of space-time symmetries of coincident Dp-branes are discussed.