By Angela McDaniels
Tacoma, Wash., July 17 - Deutsche Bank AG, London Branch priced $13.25 million of market contribution securities due July 21, 2014 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor minus 25 basis points. Interest is payable monthly.
The notes are putable at any time.
The payout if the notes are put back or at maturity will be par plus the index return minus the TBill return minus an adjustment factor of 0.85% per year.
The TBill return will be the sum of the 91-day weekly auction high rates for Treasury bills for each day during the life of the securities.
The index is composed of futures contracts on heating oil, crude oil, aluminum, gold, wheat and corn. It systematically adjusts their weightings 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.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Total Return
|
| Amount: | $13.25 million
|
| Maturity: | July 21, 2014
|
| Coupon: | Libor minus 25 bps; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus TBill return minus adjustment factor of 0.85% per year
|
| Put option: | At any time
|
| Initial index level: | 970.17981
|
| Pricing date: | July 15
|
| Settlement date: | July 18
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 25152RDV2
|
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