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Published on 11/25/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $5.51 million capped BUyS linked to S&P 100

By Susanna Moon

Chicago, Nov. 25 - Deutsche Bank AG, London Branch priced $5.51 million of 0% capped Buffered Underlying Securities due May 26, 2010 linked to the S&P 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus double any index gain, up to a maximum return of 34.2%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 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:S&P 100
Amount:$5,511,000
Maturity:May 26, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, capped at 34.2%; par for losses of up to 10% and 1% loss for every 1% decline beyond 10%
Initial index level:389.88
Pricing date:Nov. 21
Settlement date:Nov. 26
Agents:Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:None

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