EFTA00590924.pdf

Deutsche Bank Confidential Equities Structuring Group Vanilla Dispersion on Global Basket pasio1,-(rr P64,07rwL, 0 EFTA00590924 Deutsche Bank Confidential Equities Structuring Group Instrument Type OTC Option Option Seller Deutsche Bank AG, London Branch Option Buyer Southern Financial LIC Currency USD Option Premium 2.4% X Notional Amount Premium Payment Date Strike Date + 3 (Three) Business Days Notional Amount USD 4,166,000.00 Trade Date 30-Jan-2015 Strike Date 30-Jan-2015 Expiry Date 18-Dec-2015 Settlement Date Expiry Date + 3 Business Days Underlying Initial Level k Bloomberg Code Reuters Code [Underlying (k,0)] 1 SPX Index .SPX 1995.01 2 SX5E Index .STOXXS0E 3351.44 3 HSCEI Index .HSCE 11,720.10 4 NKY Index ilii2 17,674.39 5 EEM UP Equity 39.02 Option Payout Notional Amount x Max (0, Dispersion - Strike ) 1 s Dispersion = — x EIRetum(k,T) — Basket Return(T)I 5 k=1 Basket Return(T) = — xE 5 Retum(k,T) 5 k=1 Underlying (lc, T) Retum(k,T) = Underlying (lc,0) Underlying (k.T) For k=1 to 5 The official dosing price of Underlying k on Expiry Date Strike 11.15% Cash Settlement Applicable Settlement Currency USD PLEASE SEC THE IMPORTANT NOTICE AT THE END Of TIC TERM SHEET FOR THE FULL DISCLAIMER EFTA00590925 Deutsche Bank Confidential Equities Structuring Group Miscellaneous: Business Days TARGET Settlement Day Calculation/Paying Agent Deutsche Bank AG. London Branch Governing Law English Law Jurisdiction Clearing Agent London Index Disruption Events: Index Cancellation Calculation Agent Adjustment Index Modification Calculation Agent Adjustment Index Disruption: Calculation Agent Adjustment Additional Disruption Events: Change in Law Applicable - -Hedge Positions" Hedging Disruption Applicable Increased Cost of Hedging Applicable Hedging Party Deutsche Bank AG Determining Party Deutsche Bank AG PLEASE SEE THE IMPORTANT NOTICE AT THE ENO OF THIS TERM SHEET FOR THE FULL DISCLAIMER. EFTA00590926 Deutsche Bank Confidential Equities Structuring Group Termsheet Disclaimer — Important Notice This term sheet has been prepared solely for discussion purposes and does not constitute an offer, an invitation or a recommendation to enter into any transaction. Terms and conditions herein are indicative and subject to change andror negotiation between us. Although the information herein has been obtained from sources believed to be reliable, we do not warrant its accuracy. completeness or fairness. Opinions and estimates may be changed without notice and involve a number of assumptions which may not prove valid. Past performance is not indicative of future results. We are not acting as your financial adviser or in any other fiduciary capacity in respect of this proposed transaction or any other transaction with you unless otherwise agreed in writing. We or our affiliates or persons associated with us or such affiliates ("Associated Persons") may at any time maintain as part of our hedging or trading activities a long or short position in securities referred to herein or underlying constituents thereof, or in related futures or options, purchase or sell, make a market in. or engage in any other transaction involving such securities, as well as earn brokerage or other compensation. Whilst Deutsche Banks trading or hedging activities are not intended to have any significant impact upon prices, our dealings could affect the price you pay or receive for transactions in these or related securities. Derivative calculations set out in the term sheet may be complex and linked to a particular market measure, reference entity. security or credit, the performance of which may affect the amount or timing of payments to be made or received in connection with this proposed transaction. As such, the proposed transaction may not be suitable for persons unfamiliar with such calculations or unwilling or unable to bear the risks associated with the transaction. The securities referred to herein involve risk, which may include interest rate, index. currency. credit, political, liquidity. time value, commodity and market risk. In addition, the proposed transactions denominated in a currency other than the investors home currency will be subject to changes in exchange rates, which may have an adverse effect on the value, price or income return of such transactions. These risks are interrelated in complex ways. and as a result. the effect of any one factor may be offset or magnified by the effect of another factor, and the term sheet does not identify all the risks (direct or indirect) or other considerations which you might consider to be material in your independent assessment of the proposed transaction. Without limiting the above. potential investors may read more about pertinent risks of entering into a derivative transaction of this nature at: You may not distribute this document. in whole or in part. without our express written permission. The distribution of this document and availability of the product andror services described herein may be restricted or regulated by law in certain jurisdictions. Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and regulated by the Financial Services Authority for the conduct of UK business. PLEASE SEE THE IMPORTANT NOTICE AT THE ENO OF THIS TERM SHEET FOR THE FULL DISCLAIMER. EFTA00590927