Deutsche Bank plans return enhanced notes linked to Hang Seng index

By Marisa Wong

Madison, Wis., Jan. 15 - Deutsche Bank AG, London Branch plans to price 0% return enhanced notes due Feb. 4, 2014 linked to the Hang Seng China Enterprises index and the Hong Kong dollar, according to an FWP filing with the Securities and Exchange Commission.

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

The initial index level will equal the closing level of the index on the pricing date multiplied by the U.S. dollar per Hong Kong dollar rate on the pricing date.

The final level will be the average of the index closing levels on the five averaging dates ending Jan. 29, 2014 multiplied by the average of the spot rates for those averaging dates.

The payout at maturity will be par plus double any index gain, up to a maximum return of 28.4%.

Investors will be exposed to any losses.

The notes are expected to price on Jan. 18 and settle on Jan. 24.

The Cusip number is 25152RBF9.

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