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Deutsche Bank EUR-Floating Note with Minimum and Maximum Interest Rate


ISIN:
DE000DE04WY7
Date: - -
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General attributes

Type of bondCorporate bonds international
Bond stylesenior
Issuer typefinancial institution
Country of issueDE
Current coupon0.500%
Coupon stylefloating
Coupon payment date2020/01/29
Coupon payment periodquarterly
Yield to maturity p.a. (before capital gains tax)-
Value date2016/07/29
Maturity2022/07/29
Repayment value100.00
CurrencyEUR
Minimum unit100

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Scale: ABS REL         Instrument

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Information about previous performance does not guarantee future performance.
Source: FactSet
Advantages Risks you should be aware of
  • Variable coupons depending on the 3-month-Euribor, min. 0.50 % p.a. and max. 2.50 % p.a.
  • Coupons are paid every three months
  • Redemption of 100% at maturity through Deutsche Bank AG
  • The variable coupon is capped at 2.50 % p.a. even if the 3-month-Euribor shows a better performance
  • Between issue date and maturity, price fluctuations are possible, which means that the sale of the bond prior to maturity may result in a loss.
  • The investor bears the risk of the issuer Deutsche Bank AG.

Description

This bond has a term of 6 years. The interest is variable and equals the 3-month-EURIBOR, min. coupon of 0.50 % p.a., max. coupon of 2.50 % p.a.. The coupons are paid every three months. The redemption is on 29.07.2022 at 100 % of nominal value.

Information on the product during the term can be found on the issuer's website: https://www.xmarkets.db.com/Investmentprodukte-DE/Produktdetails/DE000DE04WY7

Payment notes

The interest is variable and equals the 3-month-EURIBOR, min. coupon of 0.50 % p.a., max. coupon of 2.50 % p.a.; coupon dates are quarterly on 29.10., 29.01., 29.04. and 29.07. of every year, starting with 29.10.2016.

Settlement

This bond is redeemed on 29.07.2022 at 100 % of nominal value through Deutsche Bank AG.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

Underlying


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