Deutsche Bank plans one-year performance notes tied to currency basket

By Susanna Moon

Chicago, Aug. 21 - Deutsche Bank AG, London Branch plans to price 0% performance securities due Aug. 29, 2014 linked to a basket of equally weighted currencies, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, the Canadian dollar, the Norwegian krone and the Swedish krona, each relative to the dollar.

The payout at maturity will be par of $10 plus 115% to 125% of any basket gain. The exact participation rate will be set at pricing.

If the basket falls, investors will be exposed to any losses.

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

The notes will price on Aug. 28 and settle on Aug. 30.

The Cusip number is 25155L673.

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