New Issue: Deutsche Bank prices $4.057 million 0% notes linked to Balanced Currency Harvest index

By Jennifer Chiou

New York, April 26 - Deutsche Bank AG, London Branch priced a $4.057 million issue of 0% principal-protected notes due April 30, 2009 linked to the Deutsche Bank Balanced Currency Harvest index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will par of $10.00 plus 135% of the increase in the index.

Investors will receive at least par.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Principal-protected notes
Underlying index:	Deutsche Bank Balanced Currency Harvest
Amount:	$4.057 million
Maturity:	April 30, 2009
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	135% of any index increase; floor of par
Initial index level:	254.74
Pricing date:	April 25
Settlement date:	April 30
Agents:	Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:	1.5%

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