New Issue: Deutsche Bank prices $33,000 BUyS linked to Nikkei 225 Stock Average

By Angela McDaniels

Seattle, March 30 - Deutsche Bank AG, London Branch priced a $33,000 offering of 0% Buffered Underlying Securities (BUyS) due April 30, 2010 linked to the Nikkei 225 Stock Average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any percentage increase in the index.

If the index declines by 20% or less, the payout will be par. Investors will lose 1% for each 1% decline beyond 20%.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered Underlying Securities (BUyS)
Underlying index:	Nikkei 225 Stock Average
Amount:	$33,000
Maturity:	April 30, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any index gain; par if index falls by 20% or less; 1% loss for each 1% decline beyond 20%
Initial index level:	17,254.73
Pricing date:	March 28
Settlement date:	March 30
Agents:	Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Agent fees:	None

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