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Published on 6/3/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $2.35 million BUyS linked to three indexes

By Angela McDaniels

Tacoma, Wash., June 3 - Deutsche Bank AG, London Branch priced $2.35 million of 0% Buffered Underlying Securities (BUyS) due June 4, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the MSCI EAFE index with a 65% weight, the MSCI Emerging Markets index with a 25% weight and the Deutsche Bank Balanced Currency Harvest index with a 10% weight.

The payout at maturity will be par plus 125% of any basket gain. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% decline beyond 20%.

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

Issuer:Deutsche Bank AG, London Branch
Issue:Buffered Underlying Securities (BUyS)
Underlying indexes:MSCI EAFE (65% weight), MSCI Emerging Markets (25% weight) and Deutsche Bank Balanced Currency Harvest (10% weight)
Amount:$2.35 million
Maturity:June 4, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 125% of any basket gain; par if basket falls by 20% or less; 1% loss for every 1% decline beyond 20%
Initial index levels:2,145.47 for MSCI EAFE; 1,210.04 for MSCI Emerging Markets; 270.65 for DB Balanced Currency Harvest
Pricing date:May 30
Settlement date:June 4
Agents:Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:None

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