Correction: Deutsche Bank plans one-year autocallable notes linked to Chilean peso

A report in the Jan. 24 issue of the Prospect News Structured Products Daily incorrectly described the notes. A revised story follows.

Deutsche Bank plans one-year autocallable notes linked to Chilean peso

Chicago, Jan. 23 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Feb. 5, 2014 linked to the performance of the Chilean peso relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

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

The notes will be called at par plus a premium of 13.25% annualized if the currency closes above its initial level on any quarterly observation date.

The payout at maturity will be par if the currency falls by up to 10%.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

The notes will price on Jan. 25 and settle on Jan. 30.

The Cusip number is 25152RBK8.

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