By Toni Weeks
San Diego, Dec. 7 - Deutsche Bank AG, London Branch priced $8.32 million of 0% market contribution securities due Jan. 10, 2013 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The index seeks exposure to its underlying index, the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, which is composed of futures contracts on six commodities: heating oil, crude oil, aluminum, gold, wheat and corn. It systematically adjusts the weights of the commodities to assign higher weights to those trading in a lower price range and lower weights to those trading in a higher price range based on the difference between their one-year and five-year moving average prices.
The payout at maturity will be par plus the index return, which could be positive or negative, minus an adjustment factor of 2% per year.
Because of the adjustment factor, the payout at maturity will be less than par if the index does not appreciate by at least 2.19% over the term of the securities.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Total Return
|
| Amount: | $8.32 million
|
| Maturity: | Jan. 10, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return, with exposure to losses, minus adjustment factor of 2% per year
|
| Initial level: | 1,042.5991
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 8
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A1EU1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
