Deutsche Bank to price autocallables linked to currencies versus yen

By Angela McDaniels

Tacoma, Wash., May 7 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due May 14, 2015 linked to the performance of a basket of currencies relative to the Japanese yen, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Mexican peso, the Brazilian real and the Chilean peso. The basket return will be positive if the basket currencies, as a whole, strengthen relative to the yen.

The notes will be called at par plus an annualized call premium of at least 17% if the basket return is greater than or equal to zero on Nov. 12, 2013, May 13, 2014, Nov. 12, 2014 or May 11, 2015. The exact call premium will be determined at pricing.

If the notes are not called and the final basket return is greater than or equal to negative 20%, the payout at maturity will be par. Investors will be fully exposed to losses from the initial level if the final basket return is less than negative 20%.

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

The notes are expected to price May 10 and settle May 15.

The Cusip number is 25152RCU5.

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