EFTA01447056.pdf

Raymond lames NAP Needham The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site, at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating offering will arrange to send you the prospectus if you request it by calling toll-freer by mail from Deutsche Bank Securities Inc., 60 wall Street, New York, New York 10016, (Embedded image moved to file: pic17135.gif) Tazia Smith Director I Key Client Partners - uS Deutsche Bank Securities Inc Deutsche Asset & wealth Management 345 Park Avenue, 26th Floor (Embedded image moved to file: pic18654.gif) Forwarded by Tazia Smith/db/dbcom on 03/18/2014 07:56 PM From: Nate Nall/db/dbcom@DBc0Ex To: Date: 03/18/2014 07:39 PM Subject: 1 M a' PRICING DETAILS M1°tr LEFT BOOKRUN IPO "'. PAYLOCITY HOLDING CORP (NASDAQ: PCTY) *** APPROVED FOR EXTERNAL DISTRIBUTION *** This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 101552 CONFIDENTIAL SDNY_GM_00247736 EFTA01447056