Deutsche Bank to price range accrual notes linked to six-month Libor

By Jennifer Chiou

New York, Nov. 1 - Deutsche Bank AG, London Branch plans to price 100% principal-protected range accrual notes due Nov. 29, 2022 linked to the six-month Libor, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay interest quarterly.

Interest will be a base rate of between 7% and 7.5% - to be determined at pricing - for the first four quarters, then a rate per year based on the proportion of days the six-month Libor is greater than or equal to the accrual barrier of 7%.

The notes will be callable starting on any interest payment date one year after settlement.

The notes are expected to price on Nov. 26 and settle on Nov. 29.

Deutsche Bank Trust Co. Americas and Deutsche Bank Securities are the agents.

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