By Angela McDaniels
Tacoma, Wash., Oct. 22 – Deutsche Bank AG, London Branch priced $9 million of securities due Dec. 10, 2015 linked to the Bloomberg Commodity Index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor minus 16 basis points. Interest is payable monthly.
The notes are putable at any time, and they will be automatically redeemed if the index’s closing level falls below the trigger level, 85% of the initial index level.
The payout upon maturity or redemption will be par plus three times the sum of the index return minus the TBill return minus the adjustment factor of 0.25% per year. The notes are not principal protected.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: | Bloomberg Commodity Index Total Return
|
| Amount: | $9 million
|
| Maturity: | Dec. 10, 2015
|
| Coupon: | Libor minus 16 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus three times sum of index return minus TBill return minus adjustment factor of 0.25% per year
|
| Put option: | At any time
|
| Call: | Automatically if index’s closing level falls below trigger level
|
| Initial index level: | 234.8387
|
| Trigger level: | 199.6129, 85% of initial level
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 23
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 25152RRX3
|
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