New York, May 8 - Deutsche Bank AG, London Branch priced a $10 million issue of Constant Maturity Swap (CMS) spread range notes due May 9, 2017, according to a 424B2 filing with the Securities and Exchange Commission.
Interest on the notes will accrue at 8.15% per year for each day the 30-year CMS rate is more than 10 basis points higher than the two-year CMS rate. Interest is payable quarterly.
The notes are callable at par plus accrued interest on any interest payment date.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | CMS spread range notes
|
| Amount: | $10 million
|
| Maturity: | May 9, 2017
|
| Coupon: | 8.15% multiplied by the proportion of days on which the spread of the 30-year CMS rate over the two-year CMS rate is equal to or greater than 10 bps; payable quarterly
|
| Price: | Par
|
| Call: | At par plus accrued interest on any interest payment date
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | May 4
|
| Settlement date: | May 9
|
| Agents: | Deutsche Bank Securities Inc., Deutsche Bank Trust Co. Americas
|
| Agent fees: | None
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
