By Jennifer Chiou
New York, Oct. 29 - Deutsche Bank AG, London Branch priced $8 million of securities due Dec. 3, 2013 linked to the Dow Jones-UBS Commodity Index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
Interest equals one-month Libor minus 20 basis points and is payable monthly. The initial coupon rate is 0.0105%.
The notes are putable at any time, and they will be called if the index declines by 15% or more. Holders who put back less than all of their notes must put back at least $1 million of notes and continue to hold $10,000 of notes following the put option.
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, which is the greater of a flat 0.125% and 0.25% per year.
The TBill return will be the sum of the 91-day weekly auction high rates for Treasury bills for each day during the life of the securities.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: | Dow Jones-UBS Commodity Index Total Return
|
| Amount: | $8 million
|
| Maturity: | Dec. 3, 2013
|
| Coupon: | One-month Libor minus 20 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the TBill return minus the adjustment factor, which is the greater of a flat 0.125% and 0.25% per year
|
| Put option: | At any time subject to minimum of $1 million notes for holders who put back less than all of their notes
|
| Call: | Automatically if index declines by 15% or more
|
| Initial index level: | 289.2795
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 31
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A1LZ2
|
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