By Susanna Moon
Chicago, Dec. 11 - Deutsche Bank AG, London Branch priced $4.35 million of seven-year floating-rate range accrual notes due Dec. 14, 2016 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be Libor plus 165 basis points times the proportion of days on which Libor is 6% or less. Interest will be payable quarterly.
If the notes are not called, the payout at maturity will be par plus accrued interest.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Floating-rate range accrual notes
|
| Amount: | $4.35 million
|
| Maturity: | Dec. 14, 2016
|
| Coupon: | Libor plus 165 bps times proportion of days that Libor is 6% or less; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 14
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
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