Deutsche to price principal protection notes tied to four currencies

By E. Janene Geiss

Philadelphia, Nov. 23 - Deutsche Bank AG, London Branch plans to price zero-coupon 100% principal protection notes due Dec. 5, 2012 linked to the performance of a basket of currencies versus the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted underlying currencies are the South African rand, Turkish lira, Brazilian real and New Zealand dollar.

Deutsche Bank Securities Inc. is the agent.

The payout at maturity will be par plus 110% to 130% of any basket gain, with the exact participation rate to be set at pricing.

Investors will receive at least par.

The notes will price on Nov. 30 and settle on Dec. 3.

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