By Angela McDaniels
Tacoma, Wash., Feb. 17 - Deutsche Bank AG, London Branch priced $11.61 million of securities due March 20, 2013 linked to the Deutsche Bank Commodity Booster OYE Benchmark Light Energy Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The index is composed of futures contracts on physical commodities included in the S&P GSCI Light Energy index. It seeks to outperform the S&P GSCI Light Energy index by selecting constituent commodity futures contracts using Deutsche Bank's proprietary Optimum Yield Enhanced methodology.
Interest equals one-month Libor minus 16 basis points and is payable monthly.
The notes are putable at any time subject to a minimum of $1 million principal amount if less than all of a holder's notes are being put back, and they will be called if the index declines by 15% or more.
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 a flat 0.08616% and 0.55% per year.
The TBill return will be the sum of the 91-day weekly auction high rates for U.S. 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: | Deutsche Bank Commodity Booster OYE Benchmark Light Energy Total Return index
|
| Amount: | $11,606,000
|
| Maturity: | March 20, 2013
|
| 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 a flat 0.08616% and 0.55% per year
|
| Put option: | At any time subject to minimum of $1 million of notes if only a portion of a holder's notes is being put back
|
| Call: | Automatically if index declines by 15% or more
|
| Initial index level: | 364.146
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A1GY1
|
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