Deutsche Bank plans trigger step performance notes on BRIC currencies

By Marisa Wong

Madison, Wis., March 15 - Deutsche Bank AG, London Branch plans to price 0% trigger step performance securities due March 30, 2015 linked to a basket of equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

If the basket finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of any basket gain and the step return of 28% to 31.75%.

If the basket falls but finishes at or above 85% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Deutsche Bank Securities are the underwriters.

The notes will price on March 25 and settle on March 28.

The Cusip number is 25155H862.

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