By Angela McDaniels
Tacoma, Wash., April 28 - Deutsche Bank AG, London Branch priced $4.74 million of 0% alpha overlay securities due June 1, 2012 linked to a basket holding 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 basket level on any day equals 100 plus the index returns on that day and minus the adjustment factor, which is a flat 1% plus an additional 2% per year.
The payout at maturity will be par plus the basket return, which could be positive or negative.
The notes will be called at par plus the basket return if the unadjusted basket level - the basket level before the application of the adjustment factor - falls below 40. The payout will be par plus the basket return calculated on the day after the call is triggered.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Alpha overlay securities
|
| Underlying indexes: | Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return and Deutsche Bank Commodity Harvest - 10 Index USD Total Return
|
| Amount: | $4,739,000
|
| Maturity: | June 1, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return
|
| Call: | At par plus basket return if unadjusted basket level falls below 40
|
| Basket level: | On any day, 100 plus index returns on that day and minus adjustment factor, which is flat 1% plus additional 2% per year
|
| Initial index levels: | 576.77393 for Liquid Commodity and 801.59 for Commodity Harvest
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 1%
|
| Cusip: | 2515A15J6
|
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