Deutsche Bank plans six-month capped notes linked to Norwegian krone

By Jennifer Chiou

New York, July 26 - Deutsche Bank AG, London Branch plans to price 0% capped notes due Feb. 2, 2012 linked to the performance of the Norwegian krone relative to the dollar, according to an FWP with the Securities and Exchange Commission.

If the krone strengthens or remains unchanged relative to the dollar, the payout at maturity will be par plus the currency return, subject to a minimum return of 7% and a maximum return of 8%.

If the krone weakens relative to the dollar by 10% or less, the payout will be par.

If the krone weakens by more than 10%, investors will participate fully in the negative currency performance.

The notes (Cusip: 2515A1AE1) will price on July 29 and settle on Aug. 3.

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

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