EFTA01388676.pdf

This material is a product of Deutsche Bonk Wealth Management andnot Deutsche Bank's CB&S Division. The views of Deutsche Bank Wealth Management may differ from those of CB&S. Deutsche Bank Wealth Management does not maintain proprietary positions in the securities that are the subject of this material. Structured products may not be suitable for all investors due to illiquidity, optionality, time to redemption and payoff nature of the strategy. We or our affiliates or persons associated with us or such affiliates may: maintain a long or short position in securities referred to herein, or in related futures or options, purchase or sell, make a market in, or engage in any other transaction involving such securities, and earn brokerage or other compensation. Calculations of returns on the instruments may be linked to a referenced index or interest rate. In such cases, the currency, other than the investor's home currency, will be subject to changes in exchange rates, which may have an adverse effect on the value, price a income return of the products. These products may not be readily realizable investments and are not traded on any regulated market. Additionalrisks to consider involve interest rates, currencies, credit, political, liquidity, time value, commodity andmarket risks. Structured Products are offered only to investors who qualify as on "accredited investor" as defined in Rule 501(a) of Regulation D under the Securities Act of 1933 and is a "qualified purchaser" as defined under the Investment Company Act as amended (the "1940 Act"), and the ruks promulgated there under. The securities will not be recommended by any United States Federal or State Securities Commission or regulatory outhority. Important Information for Deutsche Bank Client Facing Professionals Deutsche Bank AG, including its subsidiaries and affiliates, does not provide legal, tax, or accounting advice. "Deutsche Bonk" means Deutsche Bonk AG and its affiliated companies. Deutsche Bonk Wealth Management refers to the wealth management activities for high-net. worth clients around the world offered through DBSI and Deutsche Bank's private banking entities. Deutsche Bank Securities Inc. conducts investment banking and securities activities in the United Stores. Deutsche Bank Securities Inc. is a member of HAIFA, NYSE and SIPC. @2016 Deutsche Bank AG. All rights reserved. This document is For Internal Use Only. It does not include the requisite disclosure tot public distribution and should not be releated to the public under any circumstance. This e-mail may contain confidential and/or privileged information. If you ore not the intendedrecipient (or have received this e-mail in error), please notify the sender immediately and delete the e-modfrom your computer. Any unauthorized copying, disclosure a distribution of the material in this e-mail is prohibited. 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. Please refer to https.lidb.com/disclosures for additional EU corporate and regulatory disclosures. 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-0092373 CONFIDENTIAL SDNY_GM_00238557 EFTA01388676