Deutsche Bank plans alpha overlay notes tied to two commodity indexes

By Marisa Wong

Milwaukee, June 18 - Deutsche Bank AG, London Branch plans to price 0% alpha overlay securities due June 26, 2015 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Deutsche Bank Commodity Booster-Dow Jones-UBS 14 TV Index Excess Return and the Deutsche Bank Commodity Harvest-10 Index USD Total Return.

The basket level on any day equals 100 multiplied by the quantity (a) the sum of one plus the Commodity Booster performance plus the Commodity Harvest performance, minus (b) the adjustment factor, which is 0.75% plus 2.2% per year.

The performance of each commodity index is equal to the index return minus one.

The payout at maturity will be par plus the basket return, which could be positive or negative.

The underlying indexes are target volatility indexes. The Commodity Booster index seeks to achieve a 14% target volatility level in the Deutsche Bank Commodity Booster-Dow Jones-UBS index, and the Commodity Harvest index seeks to achieve a 10% target volatility level in the Deutsche Bank Commodity Harvest ER After Cost Index-S&P GSCI Light Energy.

The securities will price on June 23 and settle on June 28.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.