Deutsche Bank plans performance notes tied to six Asian currencies

By Toni Weeks

San Diego, Feb. 22 - Deutsche Bank AG, London Branch, plans to price 0% performance securities due March 19, 2013 linked to a basket of Asian currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Chinese renminbi, Indonesian rupiah, Korean won, Malaysian ringgit, Philippine peso and Thai baht, all with equal weights.

If the basket return is positive, the payout at maturity will be par of $10 plus the gain in the basket multiplied by a participation rate of 235% to 265%. The exact participation rate will be set at pricing.

Investors will be fully exposed to any decrease in the basket.

The notes (Cusip: 25154P337) are expected to price on March 14 and settle on March 17.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. will act as agents.

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