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Deutsche plans notes linked to rupee, rupiah, won, Singapore dollar
By Jennifer Chiou
New York, Nov. 16 - Deutsche Bank AG, London Branch plans to price 0% notes due Dec. 1, 2011 linked to the performance of four currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the Indian rupee, Indonesian rupiah, Korean won and Singapore dollar.
If the basket return is less than 3%, investors should be willing to lose up to 5% of their holdings.
The payout at maturity will be 95% of par plus an additional amount. If the basket return is less than 3%, the additional amount will be zero.
If the basket return is at least 3% but less than 13.5%, the additional amount will be 13.5%. And, if the basket return is greater than 13.5%, additional amount will equal the basket gain.
The notes (Cusip: 2515A1BQ3) are expected to price on Nov. 19 and settle on Nov. 24.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
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