By Susanna Moon
Chicago, June 1 - Deutsche Bank AG, London Branch priced $10 million of callable Libor range accrual notes due June 2, 2025, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals 7% per year multiplied by the proportion of days on which Libor is 7% or less.
The payout at maturity will be par.
The notes are callable at par on any interest payment date.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Libor range accrual notes
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Amount: | $10 million
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Maturity: | June 2, 2025
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Coupon: | 7% per year times proportion of days on which Libor is 7% or less; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any interest payment date
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Pricing date: | May 27
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Settlement date: | June 2
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Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
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Fees: | None
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Cusip: | 2515A0V34
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