Deutsche Bank plans to price range accrual notes linked to three-month Libor

By E. Janene Geiss

Philadelphia, April 25 - Deutsche Bank AG, London Branch plans to price an issue of range accrual notes due May 8, 2023 linked to three-month Libor, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price May 5 and settle May 8.

Interest is payable quarterly.

For the first six months, the notes will bear interest at 7.55% per year with the exact coupon determined at pricing. After that, interest will be reset quarterly and will equal 7.55% per year multiplied by the proportion of days on which three-month Libor is equal to or less than 7%.

The notes are callable on any interest payment date beginning in August 2008 at par plus accrued interest.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.

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