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Deutsche plans market contribution notes on Liquid Commodity Apex
By Susanna Moon
Chicago, Oct. 25 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due May 3, 2013 linked to the Deutsche Bank Liquid Commodity Apex 14 Index Total Return, according to an FWP with the Securities and Exchange Commission.
The payout at maturity or upon redemption will be par plus the index return, minus an adjustment factor of 1.75% per year.
Investors will be exposed to any losses.
The notes are putable at par plus the index return less the adjustment factor and a redemption fee of $5.00 per security.
The index seeks to achieve a target volatility of 14% in its base index, Deutsche Bank Liquid Commodity Apex 14 Index, which is designed to reflect the performance of a basket of three underlying commodity indexes - the Deutsche Bank Liquid Commodity Mean Reversion Enhanced index, the Deutsche Bank Liquid Commodity Momentum index and the Deutsche Bank Commodity Leveraged Harvest index - weighted according to a dynamic allocation strategy.
The notes will price on Oct. 27 and settle on Nov. 1.
The Cusip is 2515A1E56.
Deutsche Bank Securities Inc. is the agent.
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