New Issue: Deutsche Bank prices $13.76 million buffered notes tied to Mexican peso via JPMorgan

By Toni Weeks

San Diego, April 24 - Deutsche Bank AG, London Branch priced $13.76 million of 0% notes due May 1, 2013 linked to the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the final spot rate is at least 85% of the initial spot rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 7.7%.

Otherwise, investors will be fully exposed to losses from the initial spot rate.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Notes
Underlying currency:	Mexican peso
Amount:	$13,762,000
Maturity date:	May 1, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If peso has depreciated by more than 15%, par plus currency return; otherwise, par plus greater of currency return and 7.7%
Initial exchange rate:	13.1166 pesos per dollar
Pricing date:	April 20
Settlement date:	April 25
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	2515A1JG7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.