Deutsche Bank plans buffered notes on five Asian indexes, currencies

By Toni Weeks

San Diego, Jan. 10 - Deutsche Bank AG, London Branch plans to price buffered return enhanced notes due Jan. 30, 2013 linked to a basket of five Asian indexes and their related currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket components are the Hang Seng China Enterprises index with a 21% weight, the Korea Composite Stock Price index 200 with a 25% weight, the MSCI Taiwan index with a 20% weight, the Hang Seng index with a 25% weight and the MSCI Singapore index with a 9% weight.

The related currencies are the Hong Kong dollar for the Hang Seng China and Hang Seng indexes, the Korean won for the Kospi 200, the Taiwan dollar for the MSCI Taiwan and the Singapore dollar for the MSCI Singapore.

If the basket appreciates relative to the U.S. dollar, the payout at maturity will be par plus at least 200% of the basket return, subject to a cap of 18%. Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The exact upside leverage factor will be determined at pricing.

The notes (Cusip: 2515A1GA3) are expected to price Jan. 13 and settle Jan. 19.

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

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