New Issue: Deutsche prices $1.54 million 18.8% trigger yield notes linked to Schlumberger

By Jennifer Chiou

New York, Aug. 16 - Deutsche Bank AG, London Branch priced $1.54 million of 18.8% annualized trigger yield optimization notes due Aug. 16, 2013 linked to the common stock of Schlumberger Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The face amount of each note is $77.99, which is equal to the initial share price of Schlumberger stock.

The payout at maturity will be par unless the final price of Schlumberger stock is less than 75% of the initial share price, in which case investors will receive one Schlumberger 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:	Schlumberger Ltd. (NYSE: SLB)
Amount:	$1,535,389.13
Maturity:	Aug. 16, 2013
Coupon:	18.8%, payable monthly
Price:	Par of $77.99
Payout at maturity:	If final share price is less than trigger price, one Schlumberger share; otherwise, par
Initial share price:	$77.99
Trigger price:	$58.49, 75% of initial price
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2.75%
Cusip:	25154W290

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