By Angela McDaniels
Tacoma, Wash., May 2 - Deutsche Bank AG, London Branch priced $3.35 million of securities due June 5, 2014 linked to the S&P GSCI Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
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 index declines by 15% or more.
The payout upon redemption or at maturity will be par plus triple the sum of the index return minus the TBill return minus the adjustment factor, which is the greater of 0.23% per year and 0.0995%.
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 agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: S&P GSCI Total Return
|
| Amount: | $3.35 million
|
| Maturity: | June 5, 2014
|
| Coupon: | One-month Libor minus 16 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple sum of index return minus TBill return minus adjustment factor, which is greater of 0.25% per year and 0.0995%
|
| Put option: | At any time
|
| Call: | Automatically if index declines by 15% or more
|
| Initial index level: 4,683.331
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 25152RCR2
|
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