New Issue: Deutsche Bank prices $1.67 million BUyS linked to DB Balanced Currency Harvest index

By Angela McDaniels

Tacoma, Wash., April 28 - Deutsche Bank AG, London Branch priced $1.67 million of 0% Buffered Underlying Securities (BUyS) due Oct. 29, 2009 linked to the Deutsche Bank Balanced Currency Harvest index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain. Investors will receive par if the index declines by 5% or less and will lose 1% for each 1% decline beyond 5%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered Underlying Securities (BUyS)
Underlying index:	Deutsche Bank Balanced Currency Harvest
Amount:	$1.67 million
Maturity:	Oct. 29, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index declines by 5% or less; 1% loss for each 1% decline beyond 5%
Initial index level:	261.51
Pricing date:	April 25
Settlement date:	April 30
Agents:	Deutsche Bank Securities Inc., Deutsche Bank Trust Co. Americas
Fees:	None

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