Deutsche Bank plans market contribution notes tied to Liquid Commodity

By Angela McDaniels

Tacoma, Wash., May 8 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due May 26, 2016 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be putable beginning May 30, 2014.

The payout upon redemption or at maturity will be par plus the index return, which could be positive or negative, minus an adjustment factor of 2% per year.

The index is composed of futures contracts on heating oil, crude oil, aluminum, gold, wheat and corn. It systematically adjusts their weightings to assign higher weights to those commodities trading in a lower price range and lower weights to those commodities trading in a higher price range, in each case based on the ratio of their one-year to five-year moving average prices.

Deutsche Bank Securities Inc. is the agent.

The notes are expected to price May 17 and settle May 22.

The Cusip number is 25152RCW1.

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