Deutsche Bank plans market contribution notes tied to DJ-UBS Commodity

By Angela McDaniels

Tacoma, Wash., June 27 - Deutsche Bank AG, London Branch plans to price floating-rate market contribution securities due Aug. 1, 2012 linked to the Dow Jones - UBS Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be one-month Libor minus 15 basis points, payable monthly.

The payout at maturity will be par plus the sum of three times the index return minus the adjustment factor, which is 0.24% per year.

The notes are putable, subject to a minimum of $1 million principal amount if a holder puts back only a portion of the notes held. The notes are callable at any time, and they will be automatically redeemed if the index declines by 15% or more.

The notes (Cusip: 2515A18L8) are expected to price June 28 and settle July 1.

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

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