Deutsche Bank plans leveraged notes on three currencies versus dollar

By Susanna Moon

Chicago, Feb. 22 - Deutsche Bank AG, London Branch plans to price 0% leveraged notes due May 31, 2012 based on a basket of three equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Indian rupee and the Indonesian rupiah.

The payout at maturity will be par plus at least 2.56 times any basket gain. The exact participation rate will be set at pricing.

Investors will be exposed to any basket losses, with a minimum payout of 95% of par.

The notes (Cusip 2515A14P3) will price on Feb. 25 and settle on March 2.

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

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