By Angela McDaniels
Tacoma, Wash., June 17 - Deutsche Bank AG, London Branch priced $4 million of 0% securities due June 16, 2011 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The index reflects the performance of futures contracts related to West Texas Intermediate light sweet crude oil, New York Harbour no. 2 heating oil, high grade primary aluminum, gold, corn and wheat and combines the Deutsche Bank Liquid Commodity Index - Mean Reversion Excess Return's approach to investing in commodities with a momentum strategy that seeks to protect returns from downturns in the commodities market.
The payout at maturity will be par of $10,000 plus 150% of any index gain. Investors will be fully exposed to any index decline.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: | Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return
|
| Amount: | $4 million
|
| Maturity: | June 16, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus 150% of any index gain; full exposure to any index decline
|
| Initial index level: | 583.9716
|
| Pricing date: | June 13
|
| Settlement date: | June 18
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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