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Deutsche Bank plans step-up digital return notes tied to Mexican peso
By Susanna Moon
Chicago, Sept. 9 – Deutsche Bank AG, London Branch plans to price 0% step-up digital return notes due March 17, 2016 linked to the Mexican peso relative to the euro, according to an FWP with the Securities and Exchange Commission.
If the currency return is at least 2.8%, the payout at maturity will be par plus the high digital return of 20%.
If the currency gains by up to 2.8%, the payout will be par plus the low digital return of 5%.
If the currency falls by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
The notes will price on Sept. 12 and settle on Sept. 17.
The Cusip number is 25152RPY3.
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