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Published on 7/18/2007 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $4.25 million notes linked to DB Balanced Currency Harvest index

By Jennifer Chiou

New York, July 18 - Deutsche Bank AG, London Branch priced a $4.25 million issue of 100% principal-protected notes due July 23, 2009 linked to the Deutsche Bank Balanced Currency Harvest index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10.00 plus 140% of the index gain. If the final index level is less than the initial index level, investors will receive par.

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

Issuer:Deutsche Bank AG, London Branch
Issue:Principal-protected notes
Underlying index:Deutsche Bank Balanced Currency Harvest
Amount:$4.25 million
Maturity:July 23, 2009
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus 140% of any positive return if index gains; floor of par
Initial index level:271.73
Pricing date:July 16
Settlement date:July 23
Underwriters:Deutsche Bank Securities Inc., Deutsche Bank Trust Co. Americas
Fees:1.25%

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