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Deutsche Bank plans buffered return notes on currencies via JPMorgan
By Susanna Moon
Chicago, July 27 - Deutsche Bank AG, London Branch plans to price 0% buffered return enhanced notes due Aug. 17, 2011 based on a the performance of a long basket of three currencies versus a short basket with equal weights of the Japanese yen and the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
The long basket contains equal weights of the Brazilian real, Turkish lira and the Indonesian rupiah.
The payout at maturity will be par plus 2.9 times any gain in the long basket against the short basket, capped at 29%.
Investors will receive par if the long basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The notes (Cusip 2515A05Y5) will price on July 30 and settle on Aug. 4.
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