By Jennifer Chiou
New York, Sept. 30 - Deutsche Bank AG, London Branch priced $3 million of securities due Nov. 5, 2012 linked to the Dow Jones-UBS Industrial Metals Sub-Index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be the greater of Libor minus 20 basis points and zero. Interest is payable monthly.
The payout at maturity will be par plus triple the sum of the index return minus the Treasury bill return minus an adjustment factor of roughly 0.22% per year. The Treasury bill uses the 91-day auction high rate for U.S. Treasury bills from the pricing date through the final valuation date, and the adjustment factor is the greater of 0.1111% or 0.22% per year.
The notes are putable and callable at any time until Oct. 29, 2012.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: | Dow Jones-UBS Industrial Metals Sub-Index Total Return
|
| Amount: | $3 million
|
| Maturity: | Nov. 5, 2012
|
| Coupon: | Greater of Libor minus 20 bps and zero; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the T-bill return less a fee of roughly 0.22% per year
|
| Call: | At any time until Oct. 29, 2012
|
| Initial index level: | 314.4976
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Underwriters: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 2515A1D99
|
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