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Deutsche Bank to price five-year CMS slope steepener notes
By E. Janene Geiss
Philadelphia, Jan. 27 - Deutsche Bank AG, London Branch plans to price 100% principal-protected CMS slope steepener notes due Feb. 4, 2014, according to an FWP filing with the Securities and Exchange Commission.
Interest is variable and will be payable quarterly.
The interest rate for each quarterly interest period will equal five times the spread of the 10-year Constant Maturity Swap rate over the two-year CMS rate, calculated five business days before the end of that interest period. The interest rate is subject to a minimum of 0% and a maximum of 6% per year.
The notes are expected to price Jan. 30 and settle Feb. 4.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
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