Deutsche Bank plans leveraged currency-linked notes on dollar vs. euro

By Marisa Wong

Madison, Wis., Sept. 25 – Deutsche Bank AG, London Branch plans to price 0% leveraged currency-linked notes tied to the dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature between 13 and 15 months after issue.

The currency return will be positive if the final exchange rate is less than the initial exchange rate, which means it will take fewer dollars to purchase one euro at the final exchange rate compared to the initial rate.

The payout at maturity will be par plus 1.00 to 1.10 times any currency gain. Investors will share in losses if the currency return is negative, with a minimum payout of zero.

Deutsche Bank Securities Inc. is the agent.

The Cusip number is 25152RQS5.

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