Deutsche Bank to price one-year notes linked to won, ruble, peso

By Angela McDaniels

Tacoma, Wash., April 4 - Deutsche Bank AG, London Branch plans to price 0% notes due April 17, 2013 linked to the performance of a basket of currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

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

The basket includes equal weights of the Korean won, the Russian ruble and the Mexican peso. The basket performance will be positive if the basket strengthens relative to the dollar.

If the basket performance is positive, zero or negative by not more than 15%, the payout at maturity will be par plus the greater of the basket performance and the 6.55% contingent minimum return.

If the basket performance is less than negative 15%, investors will be fully exposed to the decline.

The notes (Cusip: 2515A1J28) are expected to price April 5 and settle April 11.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.