By Jennifer Chiou
New York, June 5 – Deutsche Bank AG, London Branch priced $10 million of floating-rate notes due June 6, 2024 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to 72% of the 30-year CMS Rate, subject to a minimum interest rate of 2%. 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: | Floating-rate notes
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| Amount: | $10 million
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| Maturity: | June 6, 2024
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| Coupon: | 72% of 30-year CMS rate, floor of 2%; payable quarterly
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| Price: | Variable
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| Payout at maturity: | Par
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| Pricing date: | June 4
|
| Settlement date: | June 6
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 3%
|
| Cusip: | 25152RWX7
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