EFTA01364386.pdf

For Key Client Partner Clients or Distribution. Deutsche Bank Wealth Management Risk Premia Investment Overviev: Multi-Asset Class 5% Target Volatility Portfolio Past Performance The past performance of securities, indexes or other instruments referred to herein does not guarantee or predict future performance. Deutsche Bank may hold positions We or our affiliates or poisons associated with us or such affiliates may: maintain a long or short position in securities referred to herein, or in related futures or colons, purchase or sell, make a market in. or engage in any other transaction involving such securities, and earn brokerage or other compensation. Backtesting The backlesting results enclosed herein do 1101 represent historical prices. The models reflects historical payout and does not include related costs or tax implications. The back tint does not delineate how prices have varied historicay, and does not include volatility or interest rate assumptions. Please refer to earlier slides in the presentation for Structure key terms. Back testing does not represent historical prices. Back tested, performance results discussed herein have inherent limitations. Unlike an actual performance record based 041 trading actual client portfolios. simulated results are achieved by means of the retroactive application of a back tested model itself designed with the benefit of hindsight. Taking into account historical events the bock testing of performance also differs from actual account performance because an actual investment strategy may be adjusted any time, for any reason, including a response to material. economic or market factors. The back tested performance includes hypothetical results that do not reflect the reinvestment of dividends and other eamings or the deduction of advisory fees, brokerage or other commissions, and any other expenses that a client would have paid or actually paid. No representation is made that any trading strategy or account will or is likely to achieve proles or losses similar to those shown. Aliematwe modeling techniques or assumptions might produce signdicamly different results and prove to be more appropriate. Past hypothetical backrest results are neither an indicator nor guarantee of future returns. Actual results will vary, perhaps materially, from the analysis. Results represent the performance of each basket on a back tested basis, lied to a structure whose economics are determined by current economic factors such as current volatilities and interest rates. There is no guarantee that a similar structure would have been available at any pont in the past and that such results could have boon achieved. Calculations of returns Calculations of returns on instruments referred to herein may be linked to a referenced index or interest rate. In such rases, the investments may not be suitable for persons unfamiliar with such index or interest rate, or unwilling or unable lo bear the risks associated with the transaction. Products denominated n 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 the products. These products may not be readily realizable investments and are not traded on any regulated market. The securities referred to herein invoke risk, which may include interest rate, index• currency, credit. political, liquidity, time value. corrirnodey and market risk and is not suitable for all nvestors. Not insured These instruments are not insured by the Federal Deposit Insurance Corporation (FOC), Securities Investor Protection Corporation (SIPC), or any other U.S. governmental agency. Those instruments are not insured by any statutory scheme or governmental agency of the United Kingdom. The distribution of this document and availabily of these products and services in certain jurisdictions may be restricted by law. These securities have not been registered under the United States Securities Act of 1933 and trading in the securities has not been approved by the United States Commodity Exchange Ad, as amended. The Bank and affiliates "Deutsche Bank" means Deutsche Bank AG and its affiliated companies Deutsche Bank Wealth Management represents the wealth management activities conducted by Deutsche Bank AG or its subsidiaries. Brokerage services are offered through Deutsche Bank Securities Inc.. a brokerdealer and registered investment adviser. which conducts investment banking and securities activities in the United States. Deutsche Bank Securities Inc. is a member of FINRA. NYSE and SIPC. Banking and lending services are offered through Deutsche Bank Toast Company Americas, member FDIC, and other members of the Deutsche Bank Group. THIS MATERIAL IS INTENDED FOR INSTITUTIONAL CUSTOMERS ONLY AS DEFINED BY F1NRA 4612 (c). The hadng and investment ideas discussed herein are general and do not take into account an institutional client's particular circumstances (including tax situation), investment guidelines, investment goals, restrictions or needs. Deutsche Bank Mel is not acting as a legal, financial, tax or accounting adviser or in any other fiduciary capacity with respect to any proposed transactions) mentioned heroin. This document does not constitute the provision of investment advice and is not intended to do so. but is only intended to be general information. This material is for our clients informational purposes and is a general solicitation of derivatives business for the purposes of. and to the extent it is subject to. §§ 1.71 and 23.605 of the U.S. Commodity Exchange Act This is not an offer, advice, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. Any offering or potential transaction that may be related to the subject matter of this communication eAl be made pursuant to separate and distinct documentation and in such case the intormalion contained herein will be superseded in its entirely by such documentation in final form. Key Clients Partners (*KCP1 services are offered to a select group of Deutsche Bank Wealth Management (•WM') clients who are able to meet certain criteria including. without limitation, financial and sophistication gasifications. On a non-advised basis, KCP introduces its institutional clients to unique investment opportunities which can be sourced from other divisions of Deutsche Bank AG, such as Global Markets and Asset Management. Most often, these opportunities are available to our clients who are on•boarded with KCP with KCP only. Al Key Cita% Partners opportunities may not be evadable in all NMI locations. Please be advised that none of the Deutsche Bank affiliates or subsidiaries guarantees or is liable for the products or services offered by any other affiliate or subsidiary, unless specifically provided for in a writing signed by the affikales or subsidiaries. Opinions expressed heron may differ from the opinions expressed by other departments, divisions or affiliates of Deutsche Bank. 026999 080117 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0054919 CONFIDENTIAL SDNY_GM_00201103 EFTA01364386