EFTA01371552

CD. The interest rate for each calendar month will be the Federal Funds effective rate for the first business day of the month as published in the Wall Street Journal + a pre- determined basis point spread. "Please find attached some additional information on our offering, including an overview of Deutsche Bank AG Preferred CDs. The minimum deposit to purchase a Preferred CD and receive the advertised rate is $250,000 (unless you already maintain funds in another Preferred CD and/or a Preferred Banking Account that are equal to or greater than $250,000 in the aggregate). A penalty may be imposed for early withdrawals (see Terms and Conditions Statement for details). There is a maximum deposit of $25 million per client per term on the Deutsche Bank AG NY Preferred Certificate of Deposit. Please do not hesitate to contact me with any questions or to discuss further. Thanks, Stew <image003 png> Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management New York. NY 10154 Securities offered through Deutsche Bank Securities Inc. 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://db.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. <Preferred_CD_External_Daily_Prieing_Sheet As_Of 020520 I 8.pdf><Preferred Banking_Account External_Rate Sheet_0205-2018_NIEW YORK .PDF><W M I 78439 DB AG NY Preferred CD Overview External FITVAL.PDF> CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0064986 CONFIDENTIAL SDNY_GM_00211170 EFTA01371552