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Published on 11/4/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $1.38 million capped BUyS linked to index basket

By Susanna Moon

Chicago, Nov. 4 - Deutsche Bank AG, London Branch priced $1.38 million of 0% capped Buffered Underlying Securities due May 5, 2010 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight, the MSCI EAFE index with a 20% weight and the Russell 2000 index with a 20% weight.

Payout at maturity will be par plus any basket gain, up to a maximum return of 29.5%. Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

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 (60% weight), MSCI EAFE (20% weight) and Russell 2000 (20% weight)
Amount:$1,382,000
Maturity:May 5, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain, capped at 29.5%; par if basket falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial index levels:968.75 for S&P 500; 1,238.81 for MSCI EAFE; 537.52 for Russell 2000
Pricing date:Oct. 31
Settlement date:Nov. 5
Agents:Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:None

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