Deutsche Bank to price principal protection notes linked to currency basket

By Jennifer Chiou

New York, July 2 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection notes due July 29, 2011 linked to the U.S. dollar relative to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the euro/U.S. dollar, British pound/U.S. dollar and U.S. dollar/Canadian dollar exchange rates.

The payout at maturity will be par plus any gain in the basket exchange rates times a participation rate of 130% to 160%. Investors will receive at least par.

The notes are expected to price on July 28 and settle on July 31.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.

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