Deutsche Bank to price autocallables linked to Brazilian real vs. yen

By Angela McDaniels

Tacoma, Wash., May 7 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due May 22, 2014 linked to the performance of the Brazilian real relative to the Japanese yen, according to an FWP filing with the Securities and Exchange Commission.

The currency performance will be positive if the real strengthens relative to the yen.

The notes will be called at par plus an annualized call premium of at least 16.4% if the currency performance is greater than or equal to zero on Aug. 12, 2013, Nov. 12, 2013, Feb. 10, 2014 or May 19, 2014. The exact call premium will be determined at pricing.

If the notes are not called and the final currency performance is greater than or equal to negative 20%, the payout at maturity will be par. Investors will be fully exposed to losses from the initial level if the final currency performance is less than negative 20%.

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

The notes are expected to price May 10 and settle May 15.

The Cusip number is 25152RCV3.

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