By Angela McDaniels
Seattle, May 21 - Deutsche Bank AG, London Branch priced a $6.735 million issue of market contribution securities due May 22, 2012 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The index reflects the performance of a basket of futures contracts relating to West Texas Intermediate light sweet crude oil, New York Harbour no. 2 heating oil, high grade primary aluminum, gold, corn and wheat.
The payout at maturity will be par of $10,000 plus any index gain or minus any index loss, as applicable. The payout will be reduced by 1.95% for each year the securities remain outstanding.
The securities are putable on the 28th of each month. The payout will be calculated in the same way as the payout at maturity.
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: | Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return
|
| Amount: | $6.735 million
|
| Maturity: | May 22, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus the index return, subject to an adjustment factor of negative 1.95% per year
|
| Initial index level: | 1,321.62
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agents: | Deutsche Bank Securities Inc.; Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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