Deutsche Bank plans six-month 10.5%-13.5% yield optimization notes tied to JPMorgan via UBS

By Marisa Wong

Milwaukee, May 20 - Deutsche Bank AG, London Branch plans to price 10.5% to 13.5% annualized yield optimization notes with contingent protection due Nov. 30, 2010 linked to the common stock of JPMorgan Chase & Co., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly. The exact coupon will be set at pricing.

The payout at maturity will be par unless the final price of JPMorgan stock is less than 70% of the initial price, in which case investors will receive one JPMorgan share per note.

The notes will price on May 26 and settle on May 28.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

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