Deutsche plans market contribution notes on Liquid Commodity ex Natural Gas Total Return After Cost

By Toni Weeks

San Luis Obispo, Calif., Feb. 8 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due Feb. 25, 2016 linked to the Deutsche Bank Liquid Commodity Index-Mean Reversion Enhanced ex Natural Gas Total Return After Cost, according to an FWP with the Securities and Exchange Commission.

The notes are putable in whole or in part beginning on March 5, 2014.

The payout on redemption or at maturity will be par plus the index return minus an adjustment factor of 0.85% per year.

Investors will be exposed to any losses.

The index is designed to measure the weighted performance of 11 commodities from four sectors by underweighting relatively expensive commodities and overweighting relatively cheap commodities. The index commodities are WTI crude oil, aluminum, copper, lead, nickel, zinc, gold, silver, corn, soybeans and wheat. The index is calculated on a total-return-after-cost basis, reflecting the effect of a deduction of 1% per year in running costs, and is rebalanced monthly, with weights based on the ratio of its futures contracts' one-year and five-year moving average prices.

Deutsche Bank Securities Inc. is the agent.

The notes will price on Feb. 20 and settle on Feb. 25.

The Cusip number is 25152RBQ5.

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