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Deutsche Bank to price 20-year callable CMS slope steepener notes
By Jennifer Chiou
New York, Aug. 20 - Deutsche Bank AG, London Branch plans to price 100% principal-protected CMS slope steepener notes due Aug. 28, 2029, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The interest rate will be fixed at 11% for the first year. After that, interest for each period will equal four times the spread of the 10-year Constant Maturity Swap rate over the two-year CMS rate. The interest rate is subject to a minimum of 0% and a maximum of 11% per year.
The notes are set to price on Aug. 25 and settle on Aug. 28.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
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