New Issue: Deutsche Bank prices $4.5 million 15% trigger notes linked to Aruba Networks

By Angela McDaniels

Tacoma, Wash., March 9 - Deutsche Bank AG, London Branch priced $4.5 million of 15% trigger yield optimization notes due March 20, 2013 linked to the common stock of Aruba Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $21.30, which is equal to the initial share price of Aruba Networks stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Aruba Networks stock is less than 73% of the initial share price, in which case investors will receive one Aruba Networks share per note.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Aruba Networks, Inc. (Nasdaq: ARUN)
Amount:	$4,499,987.10
Maturity:	March 20, 2013
Coupon:	15%, payable monthly
Price:	Par of $21.30
Payout at maturity:	If final share price is less than trigger price, one Aruba Networks share; otherwise, par
Initial share price:	$21.30
Trigger price:	$15.55, 73% of initial price
Pricing date:	March 7
Settlement date:	March 12
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154P139

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