Deutsche Bank to price leveraged notes linked to four currencies

By Marisa Wong

Madison, Wis., May 28 - Deutsche Bank AG, London Branch plans to price 0% leveraged notes due June 5, 2017 linked to the performance of an equally weighted basket of currencies relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Indian rupee, the Indonesian rupiah, the Turkish lira and the South African rand.

If the basket return is positive, the payout at maturity will be par plus at least 262% of the basket return, subject to an effective cap of $2,000 per $1,000 principal amount of notes. If the basket return is zero or negative, the payout will be par. The exact participation rate will be set at pricing.

The final basket level will be the average of the basket's closing levels on the five trading days ending May 31, 2017.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The notes will price May 30 and settle June 4.

The Cusip number is 25152RKJ1.

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