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Deutsche Bank to price notes due 2013 tied to Australian dollar
By Jennifer Chiou
New York, Aug. 20 - Deutsche Bank AG, London Branch plans to price notes due Sept. 5, 2013 tied to the Australian dollar relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.
If the currency return is at or above 90% of the initial level, the payout at maturity will be par plus the greater of 7.3% and the currency return.
Otherwise, investors will share in any losses.
The notes (Cusip: 2515A1LH2) will price on Aug. 24 and settle on Aug. 29.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
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