By Angela McDaniels
Tacoma, Wash., June 19 - Deutsche Bank AG, London Branch priced $4 million of market contribution securities due July 22, 2014 linked to the Dow Jones - UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is one-month Libor minus 15 basis points. Interest is payable monthly.
The payout at maturity will be par plus three times the sum of the index return, which could be positive or negative, minus an adjustment factor of 0.24% per year.
The notes are putable and callable at any time. They will be redeemed if the index's closing level declines by 15% or more.
If the notes are called or put, the payout will be calculated in the same manner as the payout at maturity except that the index return will be multiplied by a discount factor.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Dow Jones - UBS Commodity
|
| Amount: | $4 million
|
| Maturity: | July 22, 2014
|
| Coupon: | One-month Libor minus 15 bps; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus adjustment factor of 0.24% per year
|
| Put option: | At any time
|
| Call option: | At any time
|
| Mandatory redemption: | If index declines by 15% or more
|
| Initial index level: | 130.7633
|
| Pricing date: | June 17
|
| Settlement date: | June 20
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 25152RDN0
|
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