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Published on 12/22/2011 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $1.19 million accelerated return notes linked to Hang Seng China

By Susanna Moon

Chicago, Dec. 22 - Deutsche Bank AG, London Branch priced $1.19 million of 0% accelerated return securities due Dec. 26, 2014 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130.5% of any gain in the index.

Investors will be fully exposed to losses.

Deutsche Bank Securities Inc. is the agent.

Issuer:Deutsche Bank AG, London Branch
Issue:Accelerated return securities
Underlying index:Hang Seng China Enterprises
Amount:$1.19 million
Maturity:Dec. 26, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 130.5% of any index gain; exposure to losses
Initial level:9,740.01
Pricing date:Dec. 20
Settlement date:Dec. 23
Agent:Deutsche Bank Securities Inc.
Fees:2.5%
Cusip:2515A1F30

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