New Issue: Deutsche Bank prices $1.55 million fixed-to-floaters due 2017 with 2% initial rate

By Toni Weeks

San Diego, Nov. 29 - Deutsche Bank AG, London Branch priced $1.55 million of fixed-to-floating notes due Nov. 30, 2017, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2% for the first year. After that, it will be Libor plus 25 basis points, subject to a maximum interest rate of 5%. Interest is payable quarterly.

The payout at maturity will be par.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Fixed-to-floating notes
Amount:	$1.55 million
Maturity:	Nov. 30, 2017
Coupon:	2% for first year; after that, Libor plus 25 bps, subject to a maximum coupon of 5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	Deutsche Bank Securities Inc.
Fees:	0.5%
Cusip:	2515A1PH8

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