Deutsche Bank to price leveraged securities linked to 30-year CMS rate

By Angela McDaniels

Tacoma, Wash., May 6 - Deutsche Bank AG, London Branch plans to price 0% leveraged securities due May 27, 2014 linked to the 30-year Constant Maturity Swap rate, according to an FWP filing with the Securities and Exchange Commission.

The face value of each note will be $50,000.

If the 30-year CMS rate is greater than 5.25% on the final valuation date, the payout at maturity will equal the appreciation factor multiplied by the difference between the 30-year CMS rate and 5.25%.

The final valuation date is expected to be May 19, 2014, and the appreciation factor will be a dollar amount between $5 million and $7.5 million. The exact amount will be set at pricing.

If the 30-year CMS rate is less than or equal to 5.25% on the final valuation date, investors will lose their entire investments.

The notes are expected to price May 21 and settle May 27.

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

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