By Jennifer Chiou
New York, Nov. 15 - Deutsche Bank AG, London Branch priced $7.1 million of 0% market contribution securities due Nov. 19, 2012 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The index tracks the performance of investments in a small set of liquid commodities using variable weights for constituent assets to capture the mean-reverting properties of commodities.
The index is based on futures contracts for six commodities, including crude oil, heating oil, aluminum, gold, wheat and corn. It uses variable weights for this small set of liquid contracts to capture the mean-reverting properties of commodities.
At maturity, investors will receive par times a percentage equal to the index return at maturity minus an adjustment factor of 2% annually.
Investors can redeem the notes on the Nov. 20 of each year, with the payout calculated using the same formula as at maturity.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return
|
| Amount: | $7.1 million
|
| Maturity: | Nov. 19, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par times percentage equal to index return minus adjustment factor of 2% annually
|
| Initial level: | 1,771.46
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 19
|
| Underwriter: | Deutsche Bank Securities Inc., Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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