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Deutsche plans autocallable securities linked to Mexican peso vs. yen
By Jennifer Chiou
New York, Jan. 29 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Feb. 18, 2015 linked to the performance of the Mexican peso relative to the Japanese yen, according to an FWP with the Securities and Exchange Commission.
If the currency performance on any quarterly observation date is greater than or equal to zero, the notes will be automatically called at par plus an annualized return of 14.6%.
If the notes are not called and the currency performance is greater than or equal to negative 10%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline in the currency return.
The notes (Cusip: 25152RHF3) are expected to price on Jan. 31 and settle on Feb. 5.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
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