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Published on 2/28/2008 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $7.3 million BUyS linked to DB Liquid Commodity sub-indexes

By Laura Lutz

Des Moines, Feb. 28 - Deutsche Bank AG, London Branch priced $7.3 million of buffered underlying securities (BUyS) due March 1, 2013 linked to three sub-indexes of the Deutsche Bank Liquid Commodity index - Optimum Yield, according to a 424B2 filing with the Securities and Exchange Commission.

The sub-indexes are the Agriculture Excess Return with a 50% weight, the Precious Metals Excess Return with a 28% weight and the Industrial Metals Excess Return with a 22% weight.

If the final basket level is at least the initial level, the payout will be par plus 128% of any gain on the basket.

If the basket declines by up to 20%, the payout will be par. Investors will lose 1% for each 1% that the basket declines beyond 20%.

Deutsche Bank Securities and Deutsche Bank Trust Co. Americas are the underwriters.

Issuer:Deutsche Bank AG, London Branch
Issue:Buffered underlying securities (BUyS)
Underlying indexes:Deutsche Bank Liquid Commodity index - Optimum Yield sub-indexes: Agriculture Excess Return, Precious Metals Excess Return and Industrial Metals Excess Return
Amount:$7.3 million
Maturity:March 1, 2013
Coupon:0%
Price:Par
Payout at maturity:If final basket level is at least initial level, par plus 128% of any basket gain; par if basket drops up to 20%; investors lose 1% for each 1% decline beyond 20%
Pricing date:Feb. 26
Settlement date:Feb. 29
Underwriters:Deutsche Bank Securities; Deutsche Bank Trust Co. Americas
Fees:0%

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