By Angela McDaniels
Tacoma, Wash., Aug. 24 - Deutsche Bank AG, London Branch priced $4.09 million of 0% market contribution securities due Aug. 23, 2013 linked to the Deutsche Bank Allocator Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are putable on Sept. 6, 2011 and Aug. 13, 2012.
The payout upon redemption or at maturity will be par plus the index return - which could be positive or negative - less an adjustment factor of approximately 1% per year. Investors will lose some or all of their investment at maturity if the index does not increase by at least 3%.
The index is intended to reflect the effect of a dynamic allocation strategy in respect of the Deutsche Bank Mean Reversion Enhanced Excess Return After Cost index and the Deutsche Bank Commodity Harvest USD Excess Return After Cost index. The allocation of the index to the base indexes, which is reset monthly, is based on a momentum algorithm that aims to offer upside exposure to commodities while limiting potential downside exposure.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Allocator Total Return
|
| Amount: | $4,092,000
|
| Maturity: | Aug. 23, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus adjustment factor of 1% per year
|
| Put option: | On Sept. 6, 2011 and Aug. 13, 2012; payout determined in same way as at maturity
|
| Initial level: | 551.5166
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 25
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 2515A05S8
|
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