Deutsche Bank to price 95% principal-protected notes linked to four currencies via JPMorgan

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Deutsche Bank AG, London Branch plans to price zero-coupon 95% principal-protected notes due Nov. 4, 2011 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

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

The basket includes equal weights of the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.

The payout at maturity will be 95% of par plus at least 193% of any basket appreciation relative to the U.S. dollar, subject to a maximum return of at least 23.95%. The exact participation rate and maximum return will be set at pricing.

If the basket weakens relative to the U.S. dollar, the payout will be 95% of par.

The notes will price Oct. 30 and settle Nov. 4.

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