By Angela McDaniels
Tacoma, Wash., March 30 - Deutsche Bank AG, London Branch priced $1.97 million of 0% alpha overlay securities due April 29, 2011 linked to a basket of indexes, according to a 424B2 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 the Commodity Booster index return plus the Commodity Harvest index return minus the adjustment factor, which is a flat 0.75% plus 2.5% per year.
The payout at maturity will be par plus the basket return, which could be positive or negative.
The underlying indexes are target volatility indexes. The Commodity Booster index seeks to achieve a 14% target volatility level in the Deutsche Bank Commodity Booster - Dow Jones - UBS index, and the Commodity Harvest index seeks to achieve a 10% target volatility level in the Deutsche Bank Commodity Harvest ER After Cost Index - S&P GSCI Light Energy.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Alpha overlay securities
|
| Underlying indexes: | Deutsche Bank Commodity Booster - Dow Jones - UBS 14 TV Index Excess Return and Deutsche Bank Commodity Harvest - 10 Index USD Total Return
|
| Amount: | $1,967,000
|
| Maturity: | April 29, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, which could be positive or negative
|
| Initial index levels: | 280.24 for Commodity Booster and 813.96 for Commodity Harvest
|
| Basket level: | On any day, 100 multiplied by the sum of the index returns minus the adjustment factor, which is a flat 0.75% plus 2.5% per year.
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 0.75%
|
| Cusip: | 2515A02R3
|
© 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.
