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Published on 9/19/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $1.2 million capped BUyS linked to S&P 100

By E. Janene Geiss

Philadelphia, Sept. 19 - Deutsche Bank AG, London Branch priced $1.2 million of 0% capped Buffered Underlying Securities due Sept. 22, 2010 linked to the S&P 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 23.2%. Investors will receive par if the index declines by 15% or less and will lose 1% for each 1% decline 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 index:S&P 100
Amount:$1,212,000
Maturity:Sept. 22, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, capped at 23.2%; par if index declines by 15% or less; 1% loss for every 1% decline beyond 15%
Initial index level:532.03
Pricing date:Sept. 17
Settlement date:Sept. 22
Agents:Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
Fees:0%

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