Deutsche Bank plans trigger enhanced return notes linked to currencies

By Angela McDaniels

Tacoma, Wash., July 27 - Deutsche Bank AG, London Branch plans to price 0% trigger enhanced return securities due Feb. 28, 2013 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, the New Zealand dollar, the South African rand and the Canadian dollar. The basket performance will be positive if the basket strengthens relative to the U.S. dollar.

If the basket performance is positive, the payout at maturity will be par plus 225% to 275% 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.

If the basket performance is less than negative 10%, investors will be fully exposed to the decline.

The notes (Cusip: 2515A1AF8) are expected to price Aug. 26 and settle Aug. 31.

Deutsche Bank Securities Inc. is the agent.

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