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Published on 3/19/2009 in the Prospect News Structured Products Daily.

Deutsche Bank plans capped BUyS linked to iShares Dow Jones real estate index fund

By E. Janene Geiss

Philadelphia, March 19 - Deutsche Bank AG, London Branch plans to price 0% capped Buffered Underlying Securities due Sept. 27, 2010 linked to the iShares Dow Jones U.S. Real Estate index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, subject to a maximum return that is expected to be 63.3% to 78.9%. The exact cap will be set at pricing.

Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

The notes are expected to price March 20 and settle March 25.

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


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