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Published on 8/30/2007 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $17.58 million return optimization securities linked to Nikkei 225

By Laura Lutz

Des Moines, Aug. 30 - Deutsche Bank AG priced a $17.58 million issue of return optimization securities due Feb. 27, 2009 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least the initial level, the payout at maturity will be par of $10 plus five times any index gain, subject to a maximum payout of par plus 33.5%. Investors will participate fully in any index decline.

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

Issuer:Deutsche Bank AG
Issue:Return optimization securities
Underlying index:Nikkei 225 index
Amount:$17,583,820
Maturity:Feb. 27, 2009
Coupon:0%
Price:Par of $10
Payout at maturity:If index increases, par plus five times any index gain, capped at 33.5%; full exposure to any index decline
Pricing date:Aug. 28
Settlement date:Aug. 31
Agents:UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:1.75%

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