Deutsche Bank plans 0% notes linked to four Asian currencies

By Laura Lutz

Des Moines, Dec. 20 - Deutsche Bank AG, London Branch plans to price 0% Asia 4 Appreciation Securities due Dec. 19, 2008, according to an FWP filing with the Securities and Exchange Commission.

The notes are linked to a basket that consists of equal weights of the Korean won, the Indian rupee, the Chinese renminbi and the Malaysian ringgit, each against the dollar.

If the final basket level is at least the initial level, the payout at maturity will be par plus any gain on the basket times a participation rate that will be between 110% and 130%.

Otherwise, the payout will be par times the basket performance.

The securities are expected to price on Dec. 21 and settle on Dec. 28.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.

© 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.