By Jennifer Chiou
New York, Feb. 20 - Deutsche Bank AG, London Branch priced $10,475,000 of 0% notes due Feb. 27, 2014 linked to the Mexican peso relative to the Japanese yen, 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 or remains unchanged relative to the yen, the payout at maturity will be par plus the currency return.
Investors will receive par if the peso falls by up to 27.25% and will be fully exposed to losses if the currency falls below the 72.75% trigger level.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Notes
|
| Underlying currency: | Mexican peso relative to Japanese yen
|
| Amount: | $10,475,000
|
| Maturity: | Feb. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any currency gain; par if currency falls by up to 27.25%; full exposure to losses if the currency declines by more than 27.25%
|
| Initial spot rate: | 7.3965
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC (placement)
|
| Fees: | 1%
|
| Cusip: | 25152RBR3
|
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