Deutsche plans trigger step performance securities on BRIC currencies

By Jennifer Chiou

New York, Jan. 18 - Deutsche Bank AG, London Branch plans to price 0% trigger step performance securities due Jan. 31, 2013 tied to the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted relative to the dollar, according to an FWP with the Securities and Exchange Commission.

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

If the basket return is zero or positive, the payout at maturity will be par plus the greater of the basket return and the to-be-fixed step return of 18% to 23%.

If the basket falls against the dollar by up to 15%, investors will receive par. Investors will share fully in losses if the basket declines beyond the trigger level.

The notes (Cusip: 25154P550) will price on Jan. 26 and settle on Jan. 31.

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