EFTA Document EFTA01388582

Important information Deutscive WIN011ea€th Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or any of its aubsidimioa. Clients will be provided Deutsche Bank Wealth Management products or services lw one or more legal ei woes thin Wit! be Identified toclients pursuant to the contracts, agreements, offering materials or other documentation relevant to such products or services. Deutsche Bank Wealth Management offers wealth management imlutimis for wealthy individuals, their farnikes and select institutions werklwide. Deutsche Bank Wealth Management, Omagh Detiethe Bank AG, its affiliated oompanies and its &fibersand employees (collectively "Deutsche Bank, are cranmoriarietirg this document in good faith end on the following basis. This document has been prepares without ea nsidoraticn of the investment needs, objectives cr financial circumstances of any investor. Before making an inugetment decision, iirdwtors sexed to consider, with or witt*Ut the aSSistance of an investment adviser, whether the liksastnierits and stratugied described or provided by Deutsche Bank. are appropriate. in light of their particular investment needs, objectives and financial cirouinstanoss Furthermore, this:leenMen! is for informationIthsoussion purposes only and does not and is nor intended to constitute an offer, rwminmendetthn Or SeliCliatkan 10 conclude a transecten or the basis for any contract to purchase or salt any security, or other instrument, or for Deutsche Bank to enter into or arrange any typo of transaction as a rzinsxicturams of any information contained herein and should not be treated asgiving investment advice. Deutsche Bank AG. including its subsidiaries and athletes, does not provide tie nit. Lie or ace,unting advice. This communication was prepared solely in ainnectiort mei the promotion or markeung, to the extent permitted by tam of the transaction or matter addressed herein, and was not intended or written to be used, and cannot be relied upon. by any taxpayer for the purposes of asdirig any U.S. to:kW tax penalties. The recipient of this communication should seek advice from an irekipendent tax advisor regarding any tax matters addressed herein based on its particular circumstances. Invostinents with Deutsche Bank are not guaranteed. unless specified. Although information in fibs document has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness, and it should not be relied upon as cosh. All opinions and estimates herein, including forecast returns, reflect cur judgment on the date of this report, are subject to change Without notice and involve a number of assumptions which may not prow valid. Investments are subject le vanotss risks, including market fluctuations, regulatory change, counterparty risk. possible delays in repayment and loss of income and polarise, invested The value of investments can fall as well as rise and you may not recover the amount ongirwilly invested at any point in time. Furthermore. substantial fluctuations of the value of the investment are possibleoven over short periods of time. Further. investment in international markets can be affected by a host of factors, including political or social conditions, di pkInva tic relations, limitation s or removal of funds or assets or imposition of for Stings; int fACIltingetyantrol or tax regulations in such markets. Additionally, iityfiSUDOMS derstirni Gated in an alternative currency will be subject to mammy risk. changes in exchange rates which may have an adverse effect en the value, price or income of the invemment This document does not identity all the risks (direct and indirect) or other considerations which might be material tc you when entering into a transaction. for certain investments, the Icons will be esolustvelysubjeet to the detai lei provisions. includirg risk WittidenitiOnS, 0Ontilined in the Offering Documents. Review Carefully before i ',WPM I This publication CellthillS lanyard looking statements. forward kicking statements include, but are not limited to assumptions, estimates. projections, opinions, models and hypothetical performance analysis. The forward looking statements expressed constitute the author: judgment as cf tie date of this rnetenal. Focwarst 'coking statements involve significant elements of subjective judgments and analyses and changes thereto andfor amedoration of different or additional factors could have a material impact on the results indicated. Therefore. actual results may vary, perhaps materially, from the results contained herein. No representation or warranty is rmide by Deutsche Bank as to the reasonableness or completeness of such forward looking statements or to any other financial information contained herein We assume no responsibility to advise the recipients of this document with regard to changes in our views. No assurance can be given that any investment described herein would yield favorable investment results or that the investment objectives will be achieved Any securities or Imanidat instruments presented herein are not insured by the federal Deposit Insurance Corporation (,,FDIC-) unless SINCifirally noted, and aro riot guaranteed by or ebligations (A Deutsche Bank AG or its affiliates. We or our affiliates or persons associated with us may act upon or use rnatenal in this report prior to publication. DB may engage in transactions in a manner inconsistent with the views discussed herein. Opinions expressed herein may differ from theosiracins expressed by departments or other divisions cr agilelos of Deutsche Bank. Thisdocument may not be reproducedor iditsanted wit hot it our written authority. The ITO nri,9f of circulation and distribution of this docurreint may be restricted by haw or regulation in certain countries. This drum men t is not directed to. or interded for distribut on to or use by, any person or entity who is a citizen or resident of or located in any locality, state. country or other juncxlicteort including thei United Stales, whom such distribution, publication, availability or use wouki be contrary to law or regulation or which week' Laioct Deutsche Bank many rigistration or licensing redititarnent within such jurisdiction 1101curruntly met within such jurisdiction. Persons into whose possesson this document may come are required to inform themselves of. and to observe, such restrictions. Past performance is no guarantee of tenure results. nothing conta€ned herein shell:oilsalute any representation or warranty as to future performance. Further indiarrriaken is aver DIA& WOO invottt; re request. Alt third party data !such as MSC!, S&P& Bloom berg) are copyrighted by and proprietary ici the provider. el alteiniative investments is subject to regulatory requirements; old is availableOnly for "Ourilifitvi Purchasers" as defined by the U.S. Investment Consproni Ad of 1910 arid "Acortelited ln- slers,"asdofhurd in Regulation D of the 1933SW:11nties Act. Alternative investments may be, specula I ive and involve sign, leant nrais indueling illiquidity, heightened potential tor Joss and lack or transparency Please refer to the disclaimer Meal trx end of this present-akin for important risk consideratiens. Certain strategies may be available to Eligibki Contract Participants only as defined by the Commodity Exchange Act SEHNVCOS ie Olhedera Noeit-it by Dig itsdie Rank AG er by its ZWI):4l11.11t-HS and/or a I fiiiales: in nordinfanoii with appropriate and regllkailort. Cotten products and seraeria may not be available in all locations or to all Last/Bela % Bank Wealth Manageonent clients. Weralthmanagernent sconces are otteicd through Deutsche Dank Trust Company Am enoas (member roic} and Deutsche Bank Securities Inc (member 9,1(ft/it NYSE SIPC), a registered lin,Fereleake end registered Maestri milt athriSer that Wtildi othducis investment banking and securities ectivi Les in the tmktodStates, Dstrtslfhe Ronk tare stitiks I alid th'o.kxrumem ,n food faith This document has been prepare:1 without consicleratkin of the investment needs. fineinedalCirCiAliStaisCes of any 'rye, tor Before making an iryststment decision. inimstors need to consider, with Or withOut the assistance of an I whether:the investments and strategiesdescribed or provided by Do macho Bank, are apply:photo. in tight of their particular i nye:went usitanees. RaIlleisOte, thiS(fOrAirrifintiti tor inforrisillien/rWuSSion pu rposssis Only Hod Mt COM:taut° an Offer. , . n to concludes trantxtction ern is not irrwwirrient advice. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092217 CONFIDENTIAL SDNY_GM_00238401 EFTA01388582