EFTA Document EFTA01388083

Callable Yield Note Overview: Callable Yield Notes with Contingent Coupon are considered equity alternatives, which pay a coupon on a quarterly basis, provided none of the underlying indexes breach the pre-defined coupon barrier during any quarter (observed daily, on closing index levels). On final valuation day, if the performance of the least performing underlying index closes below the final barrier, investors will incur a loss of principal that is proportionate to the decline of that underlying index (max loss potential 100%). The issuer has the right to call the notes at par on a quarterly basis. All note terms, including coupon payments, and final redemption payment, are subject to the solvency of the note issuer, which for this offering is JP Morgan. Link to: Offering Materials Link to: Client Approved Educational Fact Sheet for the Callable Yield Notes with Contingent Coupon Offering Summary: Callable Yield Note with Contingent Coupon Issuer: Trade Date: Maturity: Coupon: JP Morgan February 9, 2018, orders by 10 AM ET 2 years At least 13.0% p.a., paid each quarter in which no barrier breach occurs. Coupon rate determined on trade date Callable Feature: Callable quarterly at issuer discretion, at par Underlying: Least performing of S&P 500 (SPX), Russell 2000 (RTY) and EURO STOXX 50 (SXSE) Coupon Barrier: 75% of initial index levels (-25% decline), observed daily at close. Coupon will be lost in any quarter where the least performing index breaches the barrier Final Reference 75% of initial index levels (-25% decline), observed on the final valuation date. If the Barrier: barrier is breached by any underlying, full downside risk of least performing index (100% loss potential), otherwise full return or principal. Initial Index Levels: S&P 500 & Russell 2000 and EURO STOXX 50 set on 2/9/18 close Fees: Target 1.50% up-front Product Risk Categorization: Callable Yield Notes with Contingent Coupon are categorized as Product Risk Level 3, "Contingently Protected Notes." Product Risk Level categorizations 1-4 are detailed on the Structured Products Agreement & Approval Form (DBTCA & DBSI versions enclosed), which, prior to any purchase of a structured product, must be completed by the client. Disclaimer This is not an offer, recommendation or solicitation to buy or sell, nor is it on official confirmation of terms. It is based on information from sources believed to be reliable. No representation is mode that it is accurate or complete or that any returns indicated will be achieved. Changes to assumptions may have o material impact on any returns detailed. Past performance is not indicative of future returns. Price and availability are subject to change without notice. Additional information is available upon request. This has been prepared solely for informational purposes, and does not contain the full range of products and services available through Deutsche Rank. Client-Facing Professionals should not rely solely on this material to determine the products or services to Introduce to clients, as all products included herein may not be suitable for every client Client-Facing Professionals ore responsible for determining the suitability of products and services recommended to clients. This material is o product of Deutsche Bonk Wealth Management and not Deutsche Bonk'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 o referenced index or interest rate. In such cases, the currency, other than the investor's home currency, will be subject to changes in exchange rotes, 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 anyregulated market. Additional risks to consider involve interest rates, currencies, credit, political, liquidity, time value, commodity and market risks. Structured Products are offered only to investors who qualify as on "accredited investor' as defined in Rule 501(a) of Regulation Cr 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 rules promulgated there under. The securities will not be recommended by any United States Federal or State Securities Commission or regulatory authority. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0091440 CONFIDENTIAL SDNY_GM_00237624 EFTA01388083