Deutsche Bank plans buffered return enhanced notes on four currencies

By Toni Weeks

San Diego, Aug. 30 - Deutsche Bank AG, London Branch plans to price 0% buffered return enhanced notes due March 7, 2013 linked to the performance of a basket of currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket includes the Indian rupee, the Indonesian rupiah, the Korean won and the Singapore dollar.

If the basket gains, the payout at maturity will be par plus at least 1.7 times the basket return, subject to a maximum payment of $2,700 per $1,000 principal amount of notes. The exact upside leverage factor will be set at pricing.

Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The notes (Cusip: 2515A1CS8) are expected to price Sept. 2 and settle Sept. 8.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will act as placement agents.

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