Deutsche Bank plans digital return notes linked to renminbi vs. euro

By Angela McDaniels

Tacoma, Wash., Sept. 17 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Oct. 7, 2015 linked to performance of the offshore Chinese renminbi relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

The currency performance will be positive if the renminbi strengthens relative to the euro.

If the currency performance is greater than or equal to zero, the payout at maturity will be par plus 10%. If the currency performance is less than zero but greater than or equal to negative 5%, the payout will be par. If the currency performance is less than negative 5%, investors will lose 1% of par for every 1% that the currency performance is negative.

The final spot will be the average of the spot rates on the five trading days ending Oct. 2, 2015.

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

The notes are expected to price Sept. 19 and settle Sept. 24.

The Cusip number is 25152RQJ5.

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