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Published on 4/29/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $480,000 leveraged securities linked to Consumer Price Index

By Laura Lutz

Des Moines, April 29 - Deutsche Bank AG, London Branch priced $480,000 of 0% inflation-linked leveraged securities due April 30, 2010 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index return is at least 4%, the payout at maturity will be $650,000 for each $10,000 principal amount of notes plus any amount by which the final index return exceeds 4%.

Otherwise, the payout will be zero and holders will lose their entire investments.

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

Issuer:Deutsche Bank AG, London Branch
Issue:Inflation-liked leveraged securities
Underlying index:Consumer Price Index
Amount:$480,000
Maturity:April 30, 2010
Coupon:0%
Price:Par of $10,000
Payout at maturity:If final index return is at least 4%, $650,000 for each $10,000 principal amount of notes plus any amount by which final index return exceeds 4%; otherwise, zero
Initial level:211.08
Pricing date:April 25
Settlement date:April 30
Underwriters:Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:2.5%

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