By Angela McDaniels
Tacoma, Wash., Dec. 10 - Deutsche Bank AG, London Branch priced $8 million of floating-rate securities due Nov. 13, 2009 linked to the Dow Jones - AIG Commodity Index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly and equals Libor minus 16 basis points.
The payout at maturity will be par of $10,000 plus 300% of the sum of the index return minus the Treasury bill return minus an adjustment factor.
The T-bill return will be the sum of the 91-day weekly auction high rate for U.S. Treasury bills for each day during the life of the securities. The adjustment factor will be the greater of an annualized rate of 0.35% or a flat rate of 0.125%.
The securities are putable at any time, subject to a minimum of $1 million principal amount of securities, and will be called if the index declines by 15% or more. In both cases, the payout will be calculated in the same way as at maturity.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: Dow Jones - AIG Commodity Index Total Return
|
| Amount: | $8 million
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| Maturity: | Nov. 13, 2009
|
| Coupon: | Libor minus 16 bps, payable monthly
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus 300% of the sum of the index return minus the T-bill return minus the adjustment factor
|
| Put option: | At any time with a minimum of $1 million notes; payout determined in same way as at maturity
|
| Call: | Automatically if index declines by 15% or more; payout determined in same way as at maturity
|
| Initial index level: 219.839
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 11
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| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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