By Angela McDaniels
Seattle, July 11 -Deutsche Bank AG, London Branch priced $4 million of CMS spread range notes due July 12, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be reset 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 at least zero.
Interest is payable quarterly.
The notes are callable at par on any interest payment date beginning Oct. 12, 2007.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG
|
| Issue: | CMS spread range notes
|
| Amount: | $4 million
|
| Maturity: | July 12, 2022
|
| Coupon: | 8.7% annually multiplied by the proportion of days on which the spread of the 30-year CMS rate over the two-year CMS rate is at least zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Call: | At par on any interest payment date beginning Oct. 12, 2007
|
| Pricing date: | July 9
|
| Settlement date: | July 12
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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