New Issue: Deutsche Bank prices $696,906 10.5% trigger yield optimization notes on Boston Scientific

By Toni Weeks

San Diego, Nov. 8 - Deutsche Bank AG, London Branch priced $696,906 of 10.5% trigger yield optimization notes due Nov. 9, 2012 linked to the common stock of Boston Scientific Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Boston Scientific stock.

The payout at maturity will be par unless the final price of Boston Scientific stock is less than 70% of the initial share price, in which case investors will receive one Boston Scientific 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:	Boston Scientific Corp. (NYSE: BSX)
Amount:	$696,906.37
Maturity:	Nov. 9, 2012
Coupon:	10.5%, payable monthly
Price:	Par of $5.77
Payout at maturity:	If final share price is less than trigger price, one Boston Scientific share; otherwise, par
Initial share price:	$5.77
Trigger price:	$4.04, 70% of initial price
Pricing date:	Nov. 4
Settlement date:	Nov. 9
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2%
Cusip:	25154W183

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