By Angela McDaniels
Tacoma, Wash., Oct. 29 - Deutsche Bank AG, London Branch priced $980,000 of 0% market contribution securities due Oct. 31, 2011 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 index is based on futures contracts for West Texas Intermediate light sweet crude oil, New York Harbour No. 2 heating oil, high grade primary aluminum, gold, corn and wheat. It uses variable weights for this set of liquid contracts to capture the mean-reverting properties of commodities.
The payout at maturity will be par plus the index return minus an adjustment factor of 2% per year. Because of the adjustment factor, investors will receive less than par if the index does not appreciate by about 5.99% over the life of the securities.
The securities are putable on Nov. 2, 2009 and Nov. 1, 2010, with the payout determined 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 Plus Total Return
|
| Amount: | $980,000
|
| Maturity: | Oct. 31, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus adjustment factor of 2% per year
|
| Put option: | Nov. 2, 2009 and Nov. 1, 2010 for par plus index return minus adjustment factor of 2% per year
|
| Initial index level: | 954.82343
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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