Deutsche Bank plans return enhanced notes on currencies via JPMorgan

By Susanna Moon

Chicago, Nov. 5 - Deutsche Bank AG, London Branch plans to price 0% return enhanced notes due May 17, 2012 based on the performance of four equally weighted currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Indian rupee, Indonesian rupiah, Korean won and Singapore dollar.

The payout at maturity will be par plus at least 4.3 times any gain in the basket, up to a maximum return of at least 21.5%. The exact upside leverage factor and cap will be set at pricing.

Investors will be exposed to any decline in the basket.

The notes (Cusip 2515A1BA8) are expected to price on Nov. 12 and settle on Nov. 17.

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

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