Deutsche plans buffered enhanced participation notes on EM currencies

By Jennifer Chiou

New York, June 28 - Deutsche Bank AG, London Branch plans to price 0% buffered enhanced participation notes due July 16, 2012 linked to a basket of four equally weighted currencies relative to the dollar, according to an FWP with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, Indonesian rupiah, Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus 330% to 350% of any basket gain. The exact rate will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

The notes will price on July 9 and settle on July 14.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

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