Deutsche Bank to price principal protection notes linked to three Asian currencies vs. euro

By Angela McDaniels

Tacoma, Wash., July 16 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection notes due July 29, 2011 linked to the performance of a basket of Asian currencies relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Indonesian rupiah with a 33.34% weight, the Indian rupee with a 33.33% weight and the Philippine peso with a 33.33% weight.

The payout at maturity will be par of $10 plus 210% to 250% of any appreciation in the basket relative to the euro, with the exact participation rate to be set at pricing. Investors will receive at least par.

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

UBS Financial Services Inc. and Deutsche Bank Securities, Inc. will be the agents.

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