EFTA01454360

Thank You, Tazia Tazia Smith Director Key Client Partners - US Deutsche Bank securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York NY 10154 Tel: Mobile: Fax: E-mai : Original Message From: vinit Sahni Sent: 06/04/2014 01:13 PM GDT To: Paul Morris; Tazia Smith Cc: Nav Gupta Subject: JE preferred's [I] Classification: For internal use only can we look at his preferred's pls. As an asset class they have done v well, especially as they rate sensitive and do much better in a rally Best Vinit (Embedded image moved to file: pic05287.gif) Vinit Sahni Managing Director I Global Head - Professional Client Group & Key Client Partners Capital Markets Group Deutsche Asset & wealth Management 105/108 Old Broad St (Pinners Hall), EC2N lEN London, United Kingdom Tel. Mobile Email Any proposed ideas are being delivered to you by the DeAwM Key client Partners ("KcP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. (Embedded image moved to file: pic19561.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112414 CONFIDENTIAL SDNY_GM_00258598 EFTA01454360