Deutsche plans notes linked to BRIC currencies against dollar

By Jennifer Chiou

New York, July 18 - Deutsche Bank AG, London Branch plans to price 0% leveraged notes due Jan. 25, 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.

If the basket return is positive, the payout at maturity will be par plus at least 181% of the return. The exact participation rate will be set at pricing.

If the basket falls against the dollar by up to 5%, investors will receive par. Investors will receive 95% of par if the basket declines beyond the 5% buffer.

The notes (Cusip: 2515A1A92) will price on July 22 and settle on July 22.

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

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