By Angela McDaniels
Tacoma, Wash., June 12 - Deutsche Bank AG, London Branch priced $22.15 million of floating-rate securities due July 11, 2013 linked to a basket of commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P GSCI Gold Index - Total Return with a 75% weight and the S&P GSCI Light Energy Index - Total Return with a 25% weight.
The interest rate is one-month Libor minus 16 basis points. Interest is payable monthly.
The notes are putable at any time, and they will be called if the basket declines by 15% or more. Holders who put back less than all of their notes must put back at least $1 million of notes.
The payout upon redemption or at maturity will be par plus triple the sum of the basket return minus the TBill return minus the adjustment factor, which is the greater of a flat 0.04515% and 0.21% 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.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Floating-rate securities
|
| Underlying indexes: | S&P GSCI Gold Index - Total Return (75% weight) and S&P GSCI Light Energy Index - Total Return (25% weight)
|
| Amount: | $22,147,000
|
| Maturity: | July 11, 2013
|
| Coupon: | One-month Libor minus 16 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the basket return minus the TBill return minus the adjustment factor, which is the greater of a flat 0.04515% and 0.21% per year
|
| Put option: | At any time subject to minimum of $1 million of notes for holders who put back less than all of their notes
|
| Call: | Notes will be called if basket declines by 15% or more
|
| Initial index levels: | 873.0195 for gold index and 3,184.745 for light energy index
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Underwriters: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A1KH3
|
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