Deutsche to price notes linked to lowest-performing of three financial stocks via UBS

By E. Janene Geiss

Philadelphia, March 7 - Deutsche Bank AG, London Branch plans to price yield-optimization notes with contingent protection due June 19, 2008 linked to the lowest-performing of three financial stocks, according to an FWP filing with the Securities and Exchange Commission.

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

The underlying stocks are the common stocks of Lehman Brothers Holdings Inc.; Merrill Lynch & Co., Inc.; and Goldman Sachs Group, Inc.

The notes will pay interest of 20% per year at maturity.

The payout at maturity will be par of $10 if all of the stocks stay at or above their respective trigger levels -between 55% and 60% of the initial levels - during the life of the notes. The exact trigger price will be determined at pricing.

Otherwise, the payout will be par plus the return of the lowest-performing stock.

The notes are expected to price March 14 and settle March 19.

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