By Angela McDaniels
Tacoma, Wash., March 31 - Deutsche Bank AG, London Branch priced $3.67 million of 0% market contribution securities due March 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 of $10,000 plus the index return minus an adjustment factor of 2% per year.
The securities are putable on April 2, 2009 and April 6, 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: | $3,667,000
|
| Maturity: | March 31, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus index return minus adjustment factor of 2% per year
|
| Put: | On April 2, 2009 and April 6, 2010 for par plus index return minus adjustment factor of 2% per year
|
| Initial index level: | 1,116.5144
|
| Pricing date: | March 27
|
| Settlement date: | April 1
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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