EFTA01454403.pdf

• Mid Price 600 357.200 T High on 03/31/09 621.500 - Average 387.596 550 i Low on 04/30/10 307.500 SOO 450 2008 2009 I 2010 2011 2012 I 2013 2014 ECHITOAS Index (CS European Corporate Hybrid Total OAS) Monthly OLJAN2007-10JUN Copyright 2014 Bloomberg Finance L.P. 10-Jun-2014 09:40:46 Vanshree Verma Deutsche Bar* AG. Foliate London Global Client Group 10. EC2N lEN London. United Kingdom Any proposed ideas are being delivered to you by the DeAWM Key Client Partners rKar) London desk for discussion purposes only. and do not create any legally boding obligation on the part of Deutsche Bank AG and or its affilates ("DB"). These ideas aro for the consideration of the intended recipients of this mall only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiF1D). hho understand the strategy. charactenstics and risks associated with any ideas proposed herein and will be able to evaluate It Independently. Al trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. Potnitn---triPeeler**. This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Please refer to http:/twww.db.com/en/content/eu_disclosures.htm for additional corporate and regulatory EU disclosures and to http://xivww.db.corn/unitedkingdom/content/privacy.htm for information about privacy. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 112482 CONFIDENTIAL SDNY_GM_00258666 EFTA01454403