By Angela McDaniels
Tacoma, Wash., June 7 - Deutsche Bank AG, London Branch priced $5.2 million of floating-rate securities due July 18, 2011 linked to the Dow Jones - UBS Industrial Metals Sub-index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
Interest equals one-month Libor minus 16 basis points and is payable monthly.
The securities are putable at any time, subject to a minimum of $1 million principal amount if a holder is requesting the redemption of only a portion of notes held, and will be called if the index declines by 15% or more.
The payout upon redemption or at maturity will be par plus triple the sum of the index return minus the TBill return minus the adjustment factor.
The TBill return will be the sum of the 91-day weekly auction high rates for U.S. Treasury bills for each day during the life of the securities. The adjustment factor will be the greater of 0.25% per year and a flat rate of 0.1923%.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Securities
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Underlying index: | Dow Jones - UBS Industrial Metals Sub-index Total Return
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Amount: | $5.2 million
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Maturity: | July 18, 2011
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Coupon: | One-month Libor minus 16 bps, payable monthly
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Price: | Par
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Payout at maturity: | Par plus triple the sum of the index return minus the TBill return minus the adjustment factor
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Call: | Automatically if index declines by 15% or more
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Put option: | At any time
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Initial index level: | 296.8511
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Pricing date: | June 3
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Settlement date: | June 10
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Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
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Fees: | None
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Cusip: | 2515A04V2
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