Deutsche Bank to price 8.75%-11.25% yield optimization notes linked to Sprint Nextel

By Angela McDaniels

Tacoma, Wash., Dec. 23 - Deutsche Bank AG, London Branch plans to price 8.75% to 11.25% yield optimization notes with contingent protection due Dec. 30, 2011 linked to the common stock of Sprint Nextel Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The face amount of each note will be equal to the initial share price of Sprint Nextel stock.

The payout at maturity will be par unless the final price of Sprint Nextel stock is less than 75% of the initial share price, in which case investors will receive one Sprint Nextel share per note.

The notes (Cusip 25154P592) are expected to price Dec. 29 and settle Dec. 31.

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

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