Deutsche plans autocallable notes tied to three currencies vs. yen

By Toni Weeks

San Luis Obispo, Calif., April 30 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due May 7, 2015 linked to a basket of three equally weighted currencies relative to the Japanese yen, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Mexican peso, the Brazilian real and the Chilean peso.

The notes will be called at par plus an annualized call premium of 17.6% if the basket closes at or above the initial basket level on Nov. 4, 2013, May 6, 2014, Nov. 4, 2014 or May 4, 2015.

If the notes are not called and the final basket level is at least 80% of the initial level, the payout will be par. Investors will be fully exposed to losses from the initial level if the basket declines by more than 20%.

The notes (Cusip: 25152RCP6) are expected to price May 3 and settle May 8.

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

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