Deutsche Bank plans to price autocallables linked to Indonesian rupiah

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Oct. 28, 2015 linked to the performance of the Indonesian rupiah relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The currency performance will be positive if the rupiah strengthens relative to the dollar.

If the currency performance is greater than or equal to negative 1.5% on any quarterly observation date, the notes will be automatically called at par plus a call premium that is expected to be at least 18.4% per year. The exact call premium will be set at pricing.

If the notes are not automatically called and the final currency performance is greater than or equal to negative 10%, the payout at maturity will be par. If the final currency performance is less than negative 10%, investors will be fully exposed to the negative currency performance.

The issuer noted that because the currency performance is calculated by dividing the difference between the initial spot rate and the final spot rate by the initial spot rate, the maximum positive currency performance will equal 100%.

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

The notes are expected to price Oct. 8 and settle Oct. 14.

The Cusip number is 25152RRN5.

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