Deutsche Bank to price 15-year CMS spread range notes

By Angela McDaniels

Seattle, June 29 - Deutsche Bank AG, London Branch plans to price an issue of CMS spread range notes due July 12, 2022, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price on July 9 and settle on July 12.

Interest will be payable quarterly and will equal 8.7% per year multiplied by the proportion of days on which the spread of the 30-year Constant Maturity Swap (CMS) rate over the two-year CMS rate is greater than or equal to zero.

The notes will be callable at par on any interest payment date.

The payout at maturity will be par plus accrued interest.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas will be the agents.

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