By Angela McDaniels
Tacoma, Wash., June 2 - Deutsche Bank AG, London Branch priced $20 million of 0% market contribution securities due June 5, 2014 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Enhanced Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are putable at any time. Holders who put back only a portion of their notes must put back a minimum of $10,000 principal amount, and the principal amount of that holder's notes that remains outstanding following the put must be at least $50,000.
The payout upon redemption or at maturity will be par plus the index return, which could be positive or negative, minus an adjustment factor of 0.95% per year.
The issuer said it may increase the issue size before the settlement date.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Liquid Commodity Index - Mean Reversion Enhanced Total Return
|
| Amount: | $20 million
|
| Maturity: | June 5, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus 0.95% per year
|
| Put option: | At any time; if only portion of notes is being put back, holder must put back at least $10,000 of notes and then have at least $50,000 of notes outstanding
|
| Initial index level: | 447.0749
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A16X4
|
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