Deutsche Bank plans market contribution securities linked to Liquid Commodity Apex 14 index

By Toni Weeks

San Diego, Sept. 2 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due Sept. 30, 2014 linked to the Deutsche Bank Liquid Commodity Apex 14 index, according to an FWP filing with the Securities and Exchange Commission.

The index seeks to achieve a target volatility of 14% in its base index after deducting the running cost. The base index, the Deutsche Bank Liquid Commodity Apex index, is designed to reflect the performance of a basket of three underlying commodity indexes - the Deutsche Bank Liquid Commodity Mean Reversion Enhanced index, the Deutsche Bank Liquid Commodity Momentum index and the Deutsche Bank Commodity Leveraged Harvest index - weighted according to a dynamic allocation strategy. The index was launched on Sept. 1, and its base index was launched on Oct. 18, 2010.

The payout at maturity will be par plus the index return, which could be positive or negative, minus an adjustment factor of 1% per year.

The notes are putable on Oct. 11, 2012 and Oct. 11, 2013 at par plus the index return on the early redemption valuation date less the adjustment factor.

Because of the adjustment factor, the payout at maturity will be less than par if the index does not appreciate by at least 3% over the term of the securities.

The notes (Cusip: 2515A1CT6) are expected to price Sept. 27 and settle Sept. 30.

Deutsche Bank Securities Inc. is the agent.

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