New Issue: Deutsche Bank prices $815,362 of 9.05% trigger yield notes on Hartford

By Marisa Wong

Madison, Wis., May 15 - Deutsche Bank AG, London Branch priced $815,362 of 9.05% trigger yield optimization notes due May 17, 2013 linked to the common stock of Hartford Financial Services Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note is equal to the initial price of Hartford stock.

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

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Hartford Financial Services Group, Inc. (NYSE: HIG)
Amount:	$815,361.98
Maturity:	May 17, 2013
Coupon:	9.05%, payable monthly
Price:	Par of $19.73
Payout at maturity:	Par unless final price of Hartford stock is less than trigger price, in which case one Hartford share per note
Initial price:	$19.73
Trigger price:	$13.81, 70% of initial price
Pricing date:	May 11
Settlement date:	May 17
Agent:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154V227

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