By Angela McDaniels
Tacoma, Wash., Feb. 28 - Deutsche Bank AG, London Branch priced $5 million of market contribution securities due July 1, 2011 linked to the Deutsche Bank Commodity Booster - Dow Jones - UBS Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor minus 15 basis points. Interest is payable monthly.
The payout at maturity will be par plus three times the sum of the index return minus the adjustment factor, which is 0.4% per year.
Until June 28, the notes are putable, subject to a minimum of $1 million, and they will be called if the index declines by 15% or more.
Upon redemption, the payout will be par plus three times the sum of the index return multiplied by the discount factor minus the adjustment factor.
The issuer said it may increase the issue size prior to the settlement date.
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 Commodity Booster - Dow Jones - UBS Index Excess Return
|
| Amount: | $5 million
|
| Maturity: | July 1, 2011
|
| Coupon: | Libor minus 15 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus three times sum of index return minus adjustment factor of 0.4% per year
|
| Put option: | At any time until June 28, subject to minimum of $1 million of notes
|
| Call: | Automatically if index declines by 15% or more
|
| Initial index level: | 283.1
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 1
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A14Q1
|
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