By Susanna Moon
Chicago, March 11 - Deutsche Bank AG, London Branch priced $1.97 million of 0% market contribution securities due March 13, 2014 linked to the Deutsche Bank Liquid Commodity Index-Mean Reversion Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are putable, with early redemption valuation dates on the third trading day prior to March 16, 2012 and March 18, 2013.
The payout upon redemption or at maturity will be par of $10,000 plus the index return less an adjustment factor of 2% per year.
Investors will be exposed to any losses.
The index is composed of futures contracts on six commodities - heating oil, crude oil, aluminum, gold, wheat and corn - and systematically adjusts their weighting to assign higher weights to those commodities trading in a lower price range and lower weights to those commodities trading in a higher price range, in each case, based on the difference between their one-year and five-year moving average prices.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Liquid Commodity Index-Mean Reversion Total Return
|
| Amount: | $1,971,000
|
| Maturity: | March 13, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus index return minus 2% per year
|
| Put option: | March 16, 2012 and March 18, 2013
|
| Initial index level: | 1,891.1559
|
| Pricing date: | March 9
|
| Settlement date: | March 14
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 2515A14B4
|
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