Deutsche Bank plans market contribution notes on Liquid Commodity Apex

By Angela McDaniels

Tacoma, Wash., Nov. 28 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due Jan. 8, 2013 linked to the Deutsche Bank Liquid Commodity Apex 14 Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The index seeks to achieve a target volatility of 14% in the Deutsche Bank Liquid Commodity Apex index (the base index). The base index is intended to reflect the performance of a basket of three underlying indexes weighted according to a dynamic allocation strategy that aims to achieve equal "risk contribution" of each underlying index. The underlying indexes are the Deutsche Bank Liquid Commodity Mean Reversion Enhanced index, the Deutsche Bank Liquid Commodity Momentum index and the Deutsche Bank Commodity Leveraged Harvest index.

The notes are putable at any time.

The payout upon redemption or at maturity will be par plus the index return, which could be positive or negative, minus an adjustment factor. The adjustment factor is a flat 0.1% plus an additional 1.75% per year.

The notes (Cusip: 2515A1EV9) are expected to price Dec. 2 and settle Dec. 7.

Deutsche Bank Securities Inc. is the agent.

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