By Toni Weeks
San Luis Obispo, Calif., July 11 - Deutsche Bank AG, London Branch priced $8.27 million of 0% market contribution securities due Aug. 14, 2014 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, according to an FWP filing with the Securities and Exchange Commission.
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. Investors will lose some of their investment if the index does not appreciate by about 2.18% or more over the term of the notes.
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.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return
|
| Amount: | $8,268,000
|
| Maturity: | Aug. 14, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus adjustment factor of 2% per year
|
| Initial index level: | 1,669.99207
|
| Pricing date: | July 9
|
| Settlement date: | July 12
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 25152RDT7
|
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