Deutsche Bank plans 17% to 18% notes on 30-year, two-year ICE swaps

New York, April 10 – Deutsche Bank AG, London Branch plans to price 17% to 18% securities due April 30, 2019 linked to the spread between the 30-year U.S. dollar ICE swap rate and the two-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be fixed for the life of the notes and will be paid monthly. The exact level will be set at pricing.

The payout at maturity will be par if the 30-year swap rate minus the two-year swap rate is greater than or equal to zero.

If the spread between the rates is less than zero the payout will be par plus 500 times the spread. The payout will be zero if the spread is negative 20 basis points or less.

Deutsche Bank Securities Inc. is the agent.

The notes will price on April 24 and settle on April 27.

The Cusip number is 25152R7M9.

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