Deutsche Bank plans digital return notes tied to Mexican peso vs. euro

By Marisa Wong

Madison, Wis., June 24 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Dec. 31, 2015 linked to the Mexican peso relative to the euro, according to an FWP with the Securities and Exchange Commission.

If the currency return is zero or positive, the payout at maturity will be par plus the digital return of 15.2%.

If the currency return is negative but greater than or equal to negative 10%, the payout will be par. If the currency return is less than negative 10%, investors will share fully in losses.

In no case will the payout be less than zero, the filing said.

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

The notes will price on June 27 and settle on July 2.

The Cusip number is 25152RLM3.

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