By Marisa Wong
Madison, Wis., July 30 - Deutsche Bank AG, London Branch priced $2 million of 0% return enhanced securities due July 31, 2018 linked to the Deutsche Bank Commodity Booster-Dow Jones-UBS 14 TV Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 125% of the index return. Investors will be fully exposed to any decline in the index.
The index targets volatility-controlled, long exposure to the Deutsche Bank Commodity Booster-Dow Jones-UBS index, which is composed of futures contracts on physical commodities included in the Dow Jones UBS Commodity index and seeks to outperform that index by selecting commodity futures contracts using Deutsche Bank's roll yield strategy.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return enhanced securities
|
| Underlying index: | Deutsche Bank Commodity Booster-Dow Jones-UBS 14 TV Excess Return index
|
| Amount: | $2 million
|
| Maturity: | July 31, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial level, par plus 125% of index return; full exposure to any decline in index
|
| Initial level: | 260.36
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 2.5%
|
| Cusip: | 25152RDY6
|
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