Deutsche Bank plans performance securities tied to currency basket

By Susanna Moon

Chicago, Aug. 2 - Deutsche Bank AG, London Branch plans to price 0% performance securities due Aug. 20, 2012 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, the Canadian dollar, the Norwegian krone and the Swedish krona.

The payout at maturity will be par of $10 plus 1.5 times to 1.8 times any gain in the basket. The exact participation rate will be set at pricing.

Investors will be exposed to any decline in the basket.

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

The notes will price on Aug. 12 and settle on Aug. 17.

The Cusip number is 25154W100.

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