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Deutsche Bank to price alpha overlay securities linked to two indexes
By Angela McDaniels
Tacoma, Wash., Dec. 9 - Deutsche Bank AG, London Branch plans to price 0% alpha overlay securities due March 3, 2011 linked to a basket of target volatility indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the Deutsche Bank Commodity Booster - Dow Jones - UBS 14 TV Index Excess Return and the Deutsche Bank Commodity Harvest - 10 Index USD Total Return.
The basket level on any day equals 100 multiplied by the sum of 1 plus the Booster index return on that day plus the Harvest index return minus the adjustment factor, which is a flat 0.75% plus an additional 2.5% per year.
The payout at maturity will be par plus the basket return, which could be positive or negative.
The notes are expected to price Jan. 29 and settle Feb. 3.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
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