Deutsche Bank plans notes linked to Mexican peso relative to euro

By Toni Weeks

San Diego, May 7 - Deutsche Bank AG, London Branch plans to price 0% notes due May 22, 2013 linked to the Mexican peso relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

If the final spot rate is at least 85% of the initial spot rate, the payout at maturity will be par plus the greater of the currency return and the contingent minimum return of 5.6%.

Otherwise, investors will be fully exposed to losses from the initial spot rate.

The notes (Cusip: 2515A1JT9) are expected to price May 11 and settle May 16.

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

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