By Jennifer Chiou
New York, Nov. 4 - Deutsche Bank AG, London Branch priced $1.88 million of 0% Buffered Underlying Securities due Aug. 7, 2014 linked to the Deutsche Bank Commodity Booster-Dow Jones-UBS 14 TV Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The index seeks to achieve a 14% target volatility level in the Deutsche Bank Commodity Booster - Dow Jones-UBS Index based on the realized volatility of the base Index over a defined period. The base index represents a long commodity exposure and seeks to outperform the Dow Jones UBS Commodity Index by selecting constituent commodity futures contracts using the futures contract rolling methodology of the Deutsche Bank Liquid Commodity Index-Optimum Yield.
The payout at maturity will be par plus any index gain. Investors will receive par if the index falls by 15% or less and will be exposed to any decline beyond 15%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered Underlying Securities
|
| Underlying index: | Deutsche Bank Commodity Booster-Dow Jones-UBS 14 TV Index Excess Return
|
| Amount: | $1,876,000
|
| Maturity: | Aug. 7, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by 15% or less; 1% loss for every 1% decline beyond 15%
|
| Initial level: | 284.6
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 5
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
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