Deutsche Bank plans return enhanced notes linked to four currencies

By Angela McDaniels

Tacoma, Wash., Oct. 25 - Deutsche Bank AG, London Branch plans to price 0% return enhanced notes due May 3, 2012 linked to the performance of four currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Indian rupee, Indonesian rupiah, Korean won and Singapore dollar.

The payout at maturity will be par plus at least 4.1 times any appreciation of the basket relative to the U.S. dollar, subject to a maximum return of at least 20.5%. The exact upside leverage factor and cap will be set at pricing.

If the basket depreciates relative to the U.S. dollar, investors will be exposed to the decline.

The notes (Cusip 2515A1AV3) are expected to price Oct. 29 and settle Nov. 3.

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

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