New Issue: Deutsche Bank prices $2.11 million 9.85% yield optimization notes on Weatherford via UBS

By Angela McDaniels

Tacoma, Wash., Dec. 17 - Deutsche Bank AG, London Branch priced $2.11 million of 9.85% yield optimization notes with contingent protection due Dec. 21, 2011 linked to the common stock of Weatherford International Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

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

Interest is payable monthly.

Each note has a face amount of $15.99, equal to Weatherford's closing stock price on the pricing date.

The payout at maturity will be par unless the final price of Weatherford stock is less than 65% of the initial price, in which case investors will receive one Weatherford share per note.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Yield optimization notes with contingent protection
Underlying stock:	Weatherford International Ltd. (Symbol: WFT)
Amount:	$2,110,472
Maturity:	Dec. 21, 2011
Coupon:	9.85%, payable monthly
Price:	Par
Payout at maturity:	If Weatherford stock finishes below the trigger price, one Weatherford share per note; otherwise, par
Initial share price:	$15.99
Trigger price:	$10.39, 65% of initial price
Pricing date:	Dec. 15
Settlement date:	Dec. 18
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2.75%

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