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Published on 7/30/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche prices $2.14 million return optimization notes linked to MSCI Emerging Markets

By Susanna Moon

Chicago, July 30 - Deutsche Bank AG, London Branch priced a $2.14 million issue of 0% return optimization securities with partial protection due Jan. 29, 2010 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus double any fund gain, up to a maximum gain of 26.6%. Investors will receive par for losses up to 10% and will share in any fund decline beyond 10%.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:Deutsche Bank AG, London Branch
Issue:Return optimization securities with partial protection
Underlying fund:iShares MSCI Emerging Markets index fund
Amount:$2,141,930
Maturity:Jan. 29, 2010
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus double any fund gain, capped at 26.6%; par for losses up to 10%; investors will share in decline beyond 10%
Initial fund price:$41.80
Pricing date:July 28
Settlement date:July 31
Agents:UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:1.75%

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