EFTA01388675.pdf

We are launching a 2 year Callable Yield Note (CYN) with Contingent Coupons for broad subscription through Friday, February 9, 2018 at 10 AM ET. The note is available to clients with either a DPM or NISI brokerage account. See a summary of terms below. The CYN is one of the best ways for investors to take advantage of increased volatility — we've seen the issues with XIV and SVXY, while trading in VXX can be difficult to time and should only be for short-term positions. With the CYN you don't need the foresight to invest prior to volatility going up — pricing continues to look good as long as implied volatility remains elevated. Callable Yield Note Overview: Callable Yield Notes with Contingent Coupon are considered equity alternatives, which pay a coupon on a quarterly basis, provided none of the underlying indexes breach the pre-defined coupon barrier during any quarter (observed daily, on closing index levels). On final valuation day, if the performance of the least performing underlying index closes below the final barrier, investors will incur a loss of principal that is proportionate to the decline of that underlying index (max loss potential 100%). The issuer has the right to call the notes at par on a quarterly basis. All note terms, including coupon payments, and final redemption payment, are subject to the solvency of the note issuer, which for this offering is JP Morgan. Link to: Offering Materials Link to: Client Approved Educational Fact Sheet for the Callable Yield Notes with Contingent, Coupon Offering Summary: Callable Yield Note with Contingent Coupon Issuer: JP Morgan Trade Date: February 9, 2018, orders by 10 AM ET Maturity: 2 years Coupon: At least 13.0% p.a., paid each quarter in which no barrier breach occurs. Coupon rate determined on trade date Callable Feature: Callable quarterly at issuer discretion, at par Underlying: Least performing of S&P 500 (SPX), Russell 2000 (RTY) and EURO STOXX 50 (SXSE) Coupon Barrier: 75% of initial index levels (-25% decline), observed daily at close. Coupon will be lost in any quarter where the least performing index breaches the barrier Final Reference 75% of initial index levels (-25% decline), observed on the final valuation date. If the Barrier: barrier is breached by any underlying, full downside risk of least performing index (100% loss potential), otherwise full return or principal. Initial Index Levels: S&P 500 & Russell 2000 and EURO STOXX 50 set on 2/9/18 close Fees: Target 1.50% up-front Product Risk Categorization: Callable Yield Notes with Contingent Coupon are categorized as Product Risk Level 3, "Contingently Protected Notes." Product Risk Level categorizations 1-4 are detailed on the Structured Products Agreement & Approval Form (DBTCA & DBSI versions enclosed), which, prior to any purchase of a structured product, must be completed by the client. Disclaimer This is not on offer, recommendation a solicitation to buy or sell, nor is it on officio/ confirmation of terms. it is based on information from sources believed to be reliable. No representation is mode that iris accurate or complete or that any returns indicated will be achieved. Changes to assumptions may have a material impact on any returns detailed. Post performonce is not indicative offuture returns. Price and availability are subject to change without notice. Additionalinformation Is available upon request. This has been prepared solely for informational purposes, and does not contain the fullrange of products and services available through Deutsche Bank. Client-Wing Professionals should not rely solely on this material to determine the products or services to introduce to clients, as allproducts included herein may not be suitable for every client Client-Facing ➢rofessionals ore responsible for determining the suitability ofproducts and services recommended to clients. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092372 CONFIDENTIAL SDNY_GM_00238556 EFTA01388675