By Angela McDaniels
Tacoma, Wash., May 25 - Deutsche Bank AG, London Branch priced $2.41 million of 0% market contribution securities due July 26, 2012 linked to the Deutsche Bank Commodity Booster - Dow Jones - UBS Total Return After Cost TV 14 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return minus the adjustment factor, which is a flat 0.25% plus an additional 1% per year. If the index does not rise by 1.42% or more, investors will experience a loss.
The index uses an allocation strategy that seeks to maintain a target volatility of 14% in the Deutsche Bank Commodity Booster - Dow Jones - UBS Excess Return After Cost index. The base index seeks to outperform the Dow Jones - UBS Commodity index by selecting constituent commodity futures contracts using the optimum roll yield strategy of the Deutsche Bank Liquid Commodity Index - Optimum Yield and, at the time of each annual re-weighting, assigning them the same weights as those commodity futures contracts have in the Dow Jones - UBS Commodity index.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Market contribution securities
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Underlying index: | Deutsche Bank Commodity Booster - Dow Jones - UBS Total Return After Cost TV 14 index
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Amount: | $2.41 million
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Maturity: | July 26, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return minus adjustment factor, which is flat 0.25% plus 1% per year
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Initial index level: | 505.91
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Pricing date: | May 23
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Settlement date: | May 26
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Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
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Fees: | 0.25%
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Cusip: | 2515A16Q9
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