Deutsche Bank to price floating-rate notes linked to 30-year CMS rate

By Angela McDaniels

Tacoma, Wash., May 20 - Deutsche Bank AG, London Branch plans to price floating-rate notes due June 6, 2024 linked to the 30-year Constant Maturity Swap rate, according to an FWP filing with the Securities and Exchange Commission.

The notes will be issued at variable prices.

The interest rate will be 72% of the 30-year CMS rate, subject to a minimum interest rate of 2%. Interest will be payable quarterly.

The payout at maturity will be par.

Deutsche Bank Securities Inc. is the agent.

The notes are expected to price June 4 and settle June 6.

The Cusip number is 25152RWX7.

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