By Jennifer Chiou
New York, Nov. 4 - Deutsche Bank AG, London Branch priced $5 million of non-call three-month range accrual notes due Nov. 5, 2024 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 7.1% per year, payable quarterly, times the proportion of days on which Libor is 7% or less.
The notes are callable at par on any interest payment date.
If the notes are not called, the payout at maturity will be par plus accrued interest.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 15-year non-call three-month range accrual notes
|
| Amount: | $5 million
|
| Maturity: | Nov. 5, 2024
|
| Coupon: | 7.1% times the proportion of days on which Libor is 7% or less; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Call option: | At par on any interest payment date
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 5
|
| Underwriters: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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