Deutsche Bank plans capped leveraged notes tied to dollar vs. euro

By Toni Weeks

San Luis Obispo, Calif., Jan. 12 – Deutsche Bank AG, London Branch plans to price 0% capped 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 23 to 25 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 double any currency gain, subject to a maximum settlement amount of $1,240 to $1,280 per $1,000 principal amount. The exact maximum payment will be determined at pricing. Investors will share in losses if the currency return is negative, with a minimum payout of zero.

The Cusip number is 25152RTW3.

Deutsche Bank Securities Inc. is the agent.

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