Deutsche Bank to price autocallables linked to six Asian currencies

By Angela McDaniels

Tacoma, Wash., Sept. 25 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Oct. 2, 2014 linked to the performance of a basket of currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

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

The notes will be automatically called at par plus a premium if the basket return is greater than or equal to zero on Oct. 1, 2013, March 28, 2014 or Sept. 29, 2014. The call premium is expected to be 8.6% per year and will be set at pricing.

If the notes are not called and the basket return is greater than or equal to negative 10%, the payout at maturity will be par. Investors will be fully exposed to the decline from the initial level if the basket return is less than negative 10%.

The notes are expected to price Sept. 28 and settle Oct. 3.

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

The Cusip number is 2515A1LS8.

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