New Issue: Deutsche prices $5 million leveraged securities on Euro Stoxx 50 with triple upside potential

By Laura Lutz

Des Moines, Nov. 20 - Deutsche Bank AG priced $5 million of 0% leveraged return securities due Dec. 29, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least the initial level, the payout at maturity will be par plus 300% of any gain on the index, capped at a payout equal to 124.3% of par.

Otherwise, the payout will be par minus the index decline.

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

Issuer:	Deutsche Bank AG
Issue:	Leveraged return securities
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$5 million
Maturity:	Dec. 29, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least initial level, par plus 300% of any index gain, capped at payout equal to 124.3% of par; otherwise, par minus the index decline
Initial index level:	4,282.4
Pricing date:	Nov. 16
Underwriters:	Deutsche Bank Securities Inc., Deutsche Bank Trust Co. Americas
Fees:	None

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