New Issue: Deutsche Bank prices $8.25 million more CMS slope steepener notes

By Angela McDaniels

Tacoma, Wash., March 14 - Deutsche Bank AG, London Branch priced an additional $8.25 million principal amount of CMS slope steepener notes due March 15, 2033, according to a 424B3 filing with the Securities and Exchange Commission.

The original $10 million of notes priced Feb. 25. The issue size is now $18.25 million.

The interest rate is 8.5% for the first year. After that, the rate will be (a) 4.2 times (b) the spread of the 30-year Constant Maturity Swap rate over the five-year CMS rate minus 50 basis points, subject to a minimum of zero and a maximum interest rate of 8.5% per year. Interest is payable quarterly.

The payout at maturity will be par.

The notes are callable at par on March 15, 2014, March 15, 2018, March 15, 2023 and March 15, 2028.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	CMS slope steepener notes
Amount:	$18.25 million, increased from $10 million
Maturity:	March 15, 2033
Coupon:	8.5% initially, beginning March 15, 2014, 4.2 times spread of 30-year CMS rate over five-year CMS rate less 50 bps, capped at 8.5% with floor of zero; payable quarterly
Price:	Variable prices
Payout at maturity:	Par
Call option:	At par on March 15, 2014, March 15, 2018, March 15, 2023 and March 15, 2028
Pricing date:	Feb. 25
Upsized:	March 13
Settlement date:	March 15
Agent:	Deutsche Bank Securities Inc.
Fees:	5%
Cusip:	25152RUY7

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