New Issue: Deutsche Bank prices $2.8 million capped BUyS linked to index basket

By Angela McDaniels

Tacoma, Wash., Oct. 30 - Deutsche Bank AG, London Branch priced $2.8 million of 0% capped Buffered Underlying Securities due May 3, 2010 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 50% weight, the MSCI EAFE index with a 25% weight, the Russell 2000 index with a 15% weight and the S&P MidCap 400 index with a 10% weight.

The payout at maturity will be par plus 120% of any basket gain, subject to a maximum return of 34.5%. Investors will receive par if the basket declines by 10% or less and will lose 1% for each 1% that the basket declines 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 indexes:	S&P 500 (50% weight), MSCI EAFE (25% weight), Russell 2000 (15% weight) and S&P MidCap 400 (10% weight)
Amount:	$2,799,000
Maturity:	May 3, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any basket gain, up to maximum return of 34.5%; par if basket declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index levels:	940.51 for S&P 500; 1,110.16 for MSCI EAFE; 482.55 for Russell 2000; 521.31 for S&P MidCap 400
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agents:	Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:	None

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