By Susanna Moon
Chicago, March 24 - Deutsche Bank AG, London Branch priced $2.99 million of 0% alpha overlay securities due April 26, 2012 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return and the Deutsche Bank Commodity Harvest - 10 Index USD Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any basket gain.
Investors will be exposed to any losses.
The basket return will be reduced by a 3% annualized adjustment factor.
The notes will be called at par plus the return if the basket level falls below 40.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Alpha overlay securities
|
| Underlying basket: | Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return and the Deutsche Bank Commodity Harvest - 10 Index USD Total Return
|
| Amount: | $2,985,000
|
| Maturity: | April 26, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket gain; exposure to losses, both subject to 3% annualized adjustment factor
|
| Call: | At par plus basket return if basket level falls below 40
|
| Initial index levels: | 541.49792 for DB liquid, 783.30 for DB harvest
|
| Pricing date: | March 22
|
| Settlement date: | March 25
|
| Agents: | Deutsche Bank Securities Inc., Deutsche Bank Trust Co. Americas
|
| Fees: | 1%
|
| Cusip: | 2515A14N8
|
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