By Angela McDaniels
Tacoma, Wash., July 15 - Deutsche Bank AG, London Branch priced $16 million of floating-rate market contribution securities due July 18, 2012 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 interest rate is Libor minus 25 basis points. It is payable monthly.
The notes are putable at any time. Holders who put back only a portion of their notes must put back a minimum of $1 million principal amount, and the principal amount of that holder's notes that remains outstanding following the put must be at least $10,000.
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 0.85% per year minus the TBill return, which is the sum of the 91-day weekly auction high rates for Treasury bills during the life of the notes.
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 Plus Total Return
|
| Amount: | $16 million
|
| Maturity: | July 18, 2012
|
| Coupon: | Libor minus 25 bps; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus 0.85% per year minus TBill return
|
| Put option: | At any time; if only portion of notes is being put back, holder must put back at least $1 million of notes and then have at least $10,000 of notes remaining
|
| Initial index level: | 1,124.16394
|
| Pricing date: | July 13
|
| Settlement date: | July 19
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A18W4
|
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