By Susanna Moon
Chicago, Dec. 20 - Deutsche Bank AG, London Branch priced $10 million of securities due Jan. 30, 2014 linked to the Dow Jones - UBS Commodity Index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
Interest equals one-month Libor minus 16 basis points and is payable monthly.
The payout upon redemption or at maturity will be par plus triple the sum of the index return minus the Treasury bill return minus the adjustment factor of 0.25% per year.
The T-bill return will be the sum of the 91-day weekly auction high rates for Treasury bills for each day during the life of the securities.
The notes are putable or callable until Jan. 27, 2014, and they will be called if the index falls below the 85% trigger level until Jan. 27, 2014.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: | Dow Jones - UBS Commodity Index Total Return
|
| Amount: | $10 million
|
| Maturity: | Jan. 30, 2014
|
| Coupon: | One-month Libor minus 16 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the T-bill return minus the adjustment factor of 0.25% per year
|
| Put option: | Until Jan. 27, 2014
|
| Call option: | Until Jan. 27, 2014
|
| Call: | If index falls below 85% trigger level until Jan. 27, 2014
|
| Initial index level: | 282.3695
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 21
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 25152RAV5
|
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