Deutsche Bank plans notes due 2015 linked to Mexican peso vs. dollar

By Marisa Wong

Madison, Wis., Nov. 13 - Deutsche Bank AG, London Branch plans to price 0% notes due May 22, 2015 linked to the Mexican peso relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

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

If the final spot rate is at least 90% 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 13.1%, subject to a maximum payment of $2,000 per $1,000 principal amount of notes.

If the currency return falls below negative 10%, investors will share fully in losses.

The notes will price on Nov. 15 and settle on Nov. 22.

The Cusip number is 25152RFV0.

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