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

By E. Janene Geiss

Philadelphia, May 22 - Deutsche Bank AG, London Branch plans to price 100% principal-protected range accrual notes due May 29, 2008 linked to the six-month Libor rate, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay interest quarterly.

Interest will be a base rate of 5.75% for the first two quarters, then a rate per year based on the proportion of days the six-month Libor rate is greater than or equal to the accrual barrier of 4.875%.

The notes will be callable starting on any interest payment date after November 2007.

The notes are expected to price May 23 and settle May 29.

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

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