By Susanna Moon
Chicago, June 21 - Deutsche Bank AG, London Branch priced $1 million of 0% market contribution securities due July 20, 2012 linked to the Deutsche Bank Commodity Harvest Index-Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout upon redemption or at maturity will be par plus the index return minus an adjustment factor of 1.2% per year.
Investors will lose 1% for each 1% decline beyond the initial level.
The index uses a commodity neutral out-performance strategy by reflecting the return of holding a long position in the Deutsche Bank Commodity Booster-Benchmark Light Energy index and a short position in the S&P GSCI Light Energy index.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Commodity Harvest Index-Total Return
|
| Amount: | $1 million
|
| Maturity: | July 20, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus 1.2% per year; exposure to losses
|
| Initial index level: | 291.42
|
| Pricing date: | June 17
|
| Settlement date: | June 22
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.6%
|
| Cusip: | 2515A17J4
|
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