Deutsche plans market-linked notes tied to currencies vs. dollar

By Jennifer Chiou

New York, Aug. 19 - Deutsche Bank AG, London Branch plans to price 0% market-linked notes due Aug. 27, 2013 linked to a basket of currencies relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, the Canadian dollar, the Norwegian krone, the Malaysian ringgit and the Korean won.

If the basket performance is positive, the payout at maturity will be par plus 120% to 140% of the basket performance. The exact participation rate will be set at pricing.

If the basket performance is between negative 10% and zero, the payout will be par.

Investors will share in any losses beyond 10%.

The notes (Cusip: 25154P162) are expected to price on Aug. 22 and settle on Aug. 25.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

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