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Published on 12/1/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank upsizes capped BUyS tied to iShares MSCI Emerging Markets to $6.78 million

By Angela McDaniels

Tacoma, Wash., Dec. 1 - Deutsche Bank AG, London Branch priced another $200,000 of 0% capped Buffered Underlying Securities due Nov. 26, 2010 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes bring the total issue size to $6.78 million. The company originally priced $6.58 million of the notes on Nov. 25.

The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 74%. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% that the share price declines 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 ETF:iShares MSCI Emerging Markets index fund
Amount:$6,783,000, upsized from $6,583,000
Maturity:Nov. 26, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus double any fund gain, up to maximum return of 74%; par if fund falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial share price:$18.22
Pricing date:Nov. 20 for original issue; Dec. 1 for add-on
Settlement date:Nov. 25 for original issue; Dec. 4 for add-on
Agents:Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:None

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