Deutsche Bank to price autocallable securities linked to Mexican peso

By Marisa Wong

Madison, Wis., Jan. 15 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due July 23, 2014 linked to the Mexican 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 securities will be called if the currency performance is greater than zero - meaning the peso has strengthened relative to the dollar - on any of the three observation dates. The call premium is expected to be at least 5% if the notes are called on July 19, 2013, 10% if they are called on Jan. 17, 2014 and 15% if they are called on July 18, 2014. The exact call premiums will be set at pricing.

If the notes are not called and the currency performance is greater than or equal to negative 15%, the payout at maturity will be par. If the currency performance is less than negative 15%, investors will be fully exposed to the decline.

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

The Cusip number is 25152RBE2.

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