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Published on 10/30/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $686,000 capped BUyS linked to Russell 2000

By Jennifer Chiou

New York, Oct. 30 - Deutsche Bank AG, London Branch priced $686,000 of 0% capped Buffered Underlying Securities due May 3, 2010 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 25%. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% decline beyond 10%.

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

Issuer:Deutsche Bank AG, London Branch
Issue:Capped Buffered Underlying Securities
Underlying index:Russell 2000
Amount:$686,000
Maturity:May 3, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, capped at 25%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:482.55
Pricing date:Oct. 28
Settlement date:Oct. 31
Agents:Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:0%

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