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Deutsche plans market-linked notes on BRIC currency basket via UBS
By Jennifer Chiou
New York, Oct. 8 - Deutsche Bank AG, London Branch plans to price 0% market-linked notes due May 1, 2012 tied to the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Deutsche Bank Securities are the agents.
The payout at maturity will be par plus 120% to 140% of any basket gain, with the exact participation rate to be set at pricing.
If the basket falls against the dollar, investors will share in losses up to 10%.
The notes (Cusip: 25154N134) will price on Oct. 26 and settle on Oct. 29.
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