By Jennifer Chiou
New York, Nov. 16 - Deutsche Bank AG, London Branch priced 1.92 million of 0% return enhanced notes due May 17, 2012 linked to the performance of four currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Indian rupee, Indonesian rupiah, Korean won and Singapore dollar.
The payout at maturity will be par plus 4.3 times any appreciation of the basket relative to the U.S. dollar, subject to a maximum return of 21.5%.
If the basket depreciates relative to the U.S. dollar, investors will be exposed to the decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return enhanced notes
|
| Underlying currencies: | Equal weights of the Indian rupee, Indonesian rupiah, Korean won and Singapore dollar relative to the U.S. dollar
|
| Amount: | $1.92 million
|
| Maturity: | May 17, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 4.3 times any basket gain, capped at 21.5%; investors share in losses
|
| Initial levels: | 44.7425 rupees per U.S. dollar; 8,924.50 rupiah per U.S. dollar; 1,127.85 won per U.S. dollar; 1.29565 Singapore dollars per U.S. dollar
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 17
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 2515A1BA8
|
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