By Toni Weeks
San Diego, Sept. 25 - Deutsche Bank AG, London Branch priced $4.52 million of 0% market contribution securities due Sept. 24, 2015 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are putable beginning Oct. 4, 2013.
The payout upon redemption or at maturity will be par plus the index return minus an adjustment factor of 2% per year. If the index does not appreciate by 6% or more over the term of the securities, investors will receive less than par.
The index is composed of futures contracts on heating oil, crude oil, aluminum, gold, wheat and corn. It 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 ratio of their one-year to 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: | $4,521,000
|
| Maturity: | Sept. 24, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus adjustment factor of 2% per year
|
| Put option: | Beginning Oct. 4, 2013
|
| Initial index level: | 1,797.22595
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 26
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.95%
|
| Cusip: | 2515A1LP4
|
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