New Issue: Deutsche Bank prices $7.66 million 9.83% airbag autocallables linked to Huntsman

By Susanna Moon

Chicago, Feb. 27 - Deutsche Bank AG, London Branch priced $7.66 million of 9.83% annualized airbag autocallable yield optimization notes due Feb. 28, 2014 linked to Huntsman Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If Huntsman stock closes above its initial share price on any quarterly review date, the notes will be called at par plus the coupon.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Huntsman shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share price.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Airbag autocallable yield optimization notes
Underlying stock:	Huntsman Corp. (NYSE: HUN)
Amount:	$7,658,000
Maturity:	Feb. 28, 2014
Coupon:	9.83%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of Huntsman shares equal to $1,000 divided by conversion price; otherwise, par
Call:	At par plus coupon if Huntsman stock closes above its initial share price on any quarterly review date
Initial share price:	$16.69
Conversion price:	$13.35, 80% of initial share price
Pricing date:	Feb. 22
Settlement date:	Feb. 28
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities
Fees:	1.5%
Cusip:	25154S257

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