By Toni Weeks
San Luis Obispo, Calif., June 3 - Deutsche Bank AG, London Branch priced $4 million of securities due July 28, 2014 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 16 basis points and is payable monthly.
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 their notes in integral multiples of the face amount.
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 zero and 0.2% 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: | $4 million
|
| Maturity: | July 28, 2014
|
| Coupon: | One-month Libor minus 16 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 zero and 0.2% per year
|
| Put option: | At any time; for holders who put back less than all of their notes, amount must be integral multiples of face amount
|
| Call: | Automatically if index declines by 15% or more
|
| Initial index level: | 264.3058
|
| Call level: | 224.6599, 85% of initial level
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 25152RDD2
|
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