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Published on 5/4/2010 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $3.34 million market contribution notes linked to DB Liquid Commodity

By Angela McDaniels

Tacoma, Wash., May 4 - Deutsche Bank AG, London Branch priced $3.34 million of 0% market contribution securities due May 3, 2013 linked to the Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are putable on May 17, 2011 and May 14, 2012.

The payout at maturity or upon redemption will be par plus the index return, which could be positive or negative, minus an adjustment factor of approximately 2% per year.

Deutsche Bank Securities Inc. is the agent.

Issuer:Deutsche Bank AG, London Branch
Issue:Market contribution securities
Underlying index:Deutsche Bank Liquid Commodity Index - Mean Reversion Total Return
Amount:$3,335,000
Maturity:May 3, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus the index return minus an adjustment factor of approximately 2% per year
Put option:On May 17, 2011 and May 14, 2012 at par plus index return minus adjustment factor
Initial index level:1,542.4941
Pricing date:April 30
Settlement date:May 6
Agent:Deutsche Bank Securities Inc.
Fees:None
Cusip:2515A0Z89

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