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Published on 2/14/2012 in the Prospect News Structured Products Daily.

New Issue: Deutsche sells $1.79 million 9.5% trigger yield optimization notes on Fifth Third

By Marisa Wong

Madison, Wis., Feb. 14 - Deutsche Bank AG, London Branch priced $1.79 million of 9.5% trigger yield optimization notes due Feb. 15, 2013 linked to the common stock of Fifth Third Bancorp, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note is equal to the initial price of Fifth Third stock.

The payout at maturity will be par unless the final price is less than 75% of the initial price, in which case investors will receive one Fifth Third 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:Fifth Third Bancorp (Nasdaq: FITB)
Amount:$1,785,776.10
Maturity:Feb. 15, 2013
Coupon:9.5%, payable monthly
Price:Par of $13.35
Payout at maturity:Par unless final price is less than trigger price, in which case one Fifth Third share per note
Initial price:$13.35
Trigger price:$10.01, 75% of initial price
Pricing date:Feb. 10
Settlement date:Feb. 15
Agents:UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:2%
Cusip:25154V862

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