Deutsche Bank plans alpha overlay notes linked to commodity indexes

By Susanna Moon

Chicago, Aug. 5 - Deutsche Bank AG, London Branch plans to price 0% alpha overlay securities due Aug. 22, 2013 based on a basket of two indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes are the Deutsche Bank Commodity Booster-Dow Jones-UBS 14 TV Index Excess Return and the Deutsche Bank Commodity Harvest-10 Index USD Total Return.

The basket level on any trading day equals 100 multiplied by the quantity of one plus the return of the Booster index plus the return of the Harvest index minus an adjustment factor. The adjustment factor is equal to 0.75% plus 2.5% per year.

The unadjusted basket level is equal to 100 times the sum of one plus the Booster return plus the Harvest return.

If the unadjusted basket level is less than 40 on any day during the life of the notes, a basket knock-out event occurs and the notes will be called at par plus the basket return.

The payout at maturity will also be par plus the basket return.

Investors will be exposed to any losses.

The notes (Cusip 2515A06D0) will price on Aug. 19 and settle on Aug. 24.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

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