New Issue: Deutsche Bank prices $2.93 million notes on Mexican peso vs. dollar

By Marisa Wong

Madison, Wis., Aug. 30 - Deutsche Bank AG, London Branch priced $2.93 million of 0% notes due Sept. 9, 2014 linked to the Mexican peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the peso strengthens, remains unchanged or falls by up to 10% relative to the dollar, the payout at maturity will be par plus the greater of the currency return and 10.5%. Otherwise, investors will share fully in any losses.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Notes
Underlying currency:	Mexican peso relative to dollar
Amount:	$2.93 million
Maturity:	Sept. 9, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of currency return and 10.5% unless currency return is less than negative 10%, in which case full exposure to losses
Initial spot rate:	13.33475
Pricing date:	Aug. 28
Settlement date:	Sept. 3
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC (placement)
Fees:	1%
Cusip:	25152REJ8

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