Deutsche Bank plans one-year notes tied to Mexican peso via JPMorgan

By Toni Weeks

San Diego, Dec. 12 - Deutsche Bank AG, London Branch plans to price 0% notes due Dec. 28, 2012 linked to the Mexican peso relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

If the final spot rate is at least 80% 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 9.75%.

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

The notes (Cusip: 2515A1FB2) are expected to price Dec. 16 and settle Dec. 21.

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

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