Deutsche Bank plans one-year buffered return enhanced notes linked to Australian, Canadian dollar

By Susanna Moon

Chicago, Dec. 12 - Deutsche Bank AG, London Branch plans to price 0% buffered return enhanced notes due Dec. 28, 2012 linked to a basket of two equally weighted currencies relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar and the Canadian dollar.

The payout at maturity will be par plus at least 1.6 times any basket gain, up to a maximum return of 16%. The exact upside leverage factor will be determined at pricing.

Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% drop beyond 10%.

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

The notes will price on Dec. 16 and settle on Dec. 21.

The Cusip is 2515A1F97.

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