New Issue: Deutsche prices $7.56 million 9.7% yield optimization notes linked to Lowe's via UBS

By Jennifer Chiou

New York, June 18 - Deutsche Bank AG, London Branch priced $7.56 million of 9.7% annualized yield optimization notes with contingent protection due Dec. 22, 2010 linked to the common stock of Lowe's Cos., Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each note has a face value of $23.20, which is equal to the closing price of Lowe's stock on the pricing date.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Lowe's stock is less than 80% of the initial share price, in which case the payout will be one share of Lowe's stock.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Lowe's Cos., Inc. (NYSE: LOW)
Amount:	$7,556,472
Maturity:	Dec. 22, 2010
Coupon:	9.7%, payable monthly
Price:	Par of $23.20
Payout at maturity:	If final share price is less than trigger price, one Lowe's share; otherwise, par
Initial share price:	$23.20
Trigger price:	$18.56, 80% of initial price
Pricing date:	June 16
Settlement date:	June 21
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	1%
Cusip:	25154N472

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