Deutsche plans fixed-to-floaters due 2018 with 2% initial rate

By Jennifer Chiou

New York, March 7 - Deutsche Bank AG, London Branch plans to price fixed-to-floating notes due March 28, 2018, according to an FWP 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.

The notes (Cusip: 25152RUZ4) are expected to settle on March 28.

Deutsche Bank Securities Inc. is the agent.

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