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Deutsche Bank plans return enhanced notes on currencies via JPMorgan
By Susanna Moon
Chicago, Oct. 29 - Deutsche Bank AG, London Branch plans to price 0% return enhanced notes due May 10, 2012 based on the performance of four equally weighted currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Indian rupee, Indonesian rupiah, Korean won and Singapore dollar.
The payout at maturity will be par plus at least 4.1 times any gain in the basket, up to a maximum return of at least 20.5%. The exact upside leverage factor and cap will be set at pricing.
Investors will be exposed to any decline in the basket.
The notes (Cusip: 2515A1AX9) are expected to price Nov. 5 and settle Nov. 10.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
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