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Deutsche to price one-year notes linked to Russian ruble v. dollar
By Jennifer Chiou
New York, March 12 - Deutsche Bank AG, London Branch plans to price 0% notes due March 27, 2013 linked to the performance of the Russian ruble relative to the dollar, according to an FWP with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
If the currency return is greater than or equal to negative 15%, the payout at maturity will be par plus the greater of 9% and the currency return. If the currency return is less than negative 15%, investors will be fully exposed to the decline.
The notes (Cusip: 2515A1HH7) are expected to price on March 16 and settle on March 21.
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