EFTA01365120.pdf

Payout: If EURUSD at or below 1.2000 at expiry: USD10mm If EURUSD above 1.2000 at expiry: USD 0 Expiry: 02/01/15 Premium Offer: USD1mm (10x payout) While implied vol in EURUSD has gone up a bit since the summer, it is still very low for historical standards. Many catalysts for why a EUR sell-off could happen, from renewed ECB monetary expansion, weak data out of Germany and faster US recovery leading to a stronger USD, between others. 3m ATMF im.lied vol in EURUSD source: Bloomberg CURUSOV3H T. 1 /5 ri"Cri. 7.0350 7.2900 At 8.36 Op 7.3225 Illi 7.3425 I o 7.1575 r ri-c 7.2975 fl y i 4 . 2t5 • 711 Et1 • NTe1fUa Line Chart I/ 7F°, ' Etat 49 , . ... ..... 18.0000 last Price 7.1575 T High on 09/26/11 17.6100 16 0000 + Average 10.2742 1. Low on 07/14/14 4.7800 1.-14.0000 ..12.0000 10.0000 PitAvi - , ,,ft CHEM kanf\y4 0.000.0 7 •-• 4. 0000 )9 ; 10 1 2014 Avslcol So GI - 97-- 0440 gem: 97.11 9049 a (crone. 44 20 .'9C0 7990 Gar mory 43 69 9204 1210 1649n9 Kona OW 2977 fOCO Jar.., n 92cii 9-442) 9tocripnvo 4. API, Imo C 1 219 119 ;mon SH 029991 GOT GIMT::71‘91224.4331-113.710:;2 2P;nr4P.S. Please note all prices are indicative and subject to change without notice. Regards, Daniel Daniel Sabba Director I Key Client Partners Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 26th Floor New York NY 1 Tel. Mobile Ems Derivatives are financial transactions based upon one or more predetermined market factors where periodic payments (or a one-time lump-sum payment) are made by each of the parties to the transaction based upon the value of the market factor or factors. The amount of the payment(s) will either be set at a fixed amount or fluctuate as the value of the underlying market factor fluctuates. The underlying market factors are items or variables which are subject to market fluctuations; for example, CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055767 CONFIDENTIAL SDNY_GM_00201951 EFTA01365120