Deutsche Bank plans contingent return buffered notes on Asian currencies

By Susanna Moon

Chicago, March 23 - Deutsche Bank AG, London Branch plans to price 0% contingent return buffered notes due April 2, 2012 based on the performance of a basket of equally weighted currencies relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

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

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

If the basket gains, the payout at maturity will be par plus the greater of the basket gain and a contingent return of 16%.

Investors will receive par if the basket falls by up to 5% and will lose 1.0526% for every 1% decline beyond the buffer.

The notes will price on March 26 and settle on March 31.

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