EFTA01373774.pdf

For Key Client Partners or US Institutional Investors. Not for Retail Distribution Indicative NB Returns for Selected Muni Bonds Recourse Financing under ISDA framework I AB Tenor (y) 1 Bond Information Class A Rate 3.50% Muni S&P Moody's Maturity Call Bond yield• Bond Prke A Notional Class B Indicative Return Alabama Gas District NR A3 9/1/2046 N/A 4.23% 112.929% 77.50% 6.75% Loma Unda Unl Med Center 88 NR 12/1/2056 6/1/2026 4.71% 104.045% 75.00% 8.35% Klein School District MA Aaa 8/1/2046 8/1/2026 3.71% 102.309% 80.00% 4.55% Chicago O'Hare Intl Arpt A NR 1/1/2047 1/1/2027 3.83% 109.600% 77.50% 4.98% Chicago Transit Auth A+ NR 12/1/2046 12/1/2026 4.17% 106.651% 77.50% 6.49% Chicago GO 686+ NR 1/1/2038 1/1/2027 6.04% 99.524% 75.00% 13.66% - All returns assume that rates are unchanged - Class A Rate quoted as of 1/20/2017 and is calculated as a spread to LIBOR swaps Deutsche Bank 'Pricing based on data from I/20/20,7 AM transactions subject to final credit. legal. lax. and other internal O8 approvals. 08 is not a financial accounting, or tax advisor to Investor and Investor should consider carefully 11 with the* advisors prior to executing any transaction. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0068131 CONFIDENTIAL SDNY_GM_00214315 EFTA01373774