Deutsche Bank plans performance securities linked to four currencies

By Angela McDaniels

Tacoma, Wash., Aug. 17 - Deutsche Bank AG, London Branch plans to price 0% performance securities due Aug. 28, 2013 linked to the performance of a basket of currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, the Canadian dollar, the Norwegian krone and the Swedish krona.

If the basket return is positive, meaning that the currencies have, as a whole, strengthened against the U.S. dollar, the payout at maturity will be par of $10 plus 150% of the basket return. If the basket return is negative, investors will be fully exposed to the decline.

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

The notes are expected to price Aug. 20 and settle Aug. 23.

The Cusip number is 25154X439.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.