Deutsche Bank plans market contribution notes tied to Liquid Commodity

By Angela McDaniels

Tacoma, Wash., Aug. 6 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due Aug. 28, 2015 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, according to an FWP filing with the Securities and Exchange Commission.

The notes are putable beginning Sept. 10, 2013.

The payout upon redemption or at maturity will be par plus the index return minus an adjustment factor of 2% per year. If the index does not appreciate by 5.98% or more over the term of the securities, investors will receive less than par.

The index is composed of futures contracts on heating oil, crude oil, aluminum, gold, wheat and corn. It systematically adjusts their weighting to assign higher weights to those commodities trading in a lower price range and lower weights to those commodities trading in a higher price range, in each case based on the ratio of their one-year to five-year moving average prices.

The notes are expected to price Aug. 28 and settle Aug. 31.

Deutsche Bank Securities Inc. is the agent.

The Cusip number is 2515A1LA7.

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