EFTA01438175

Subject: [ / ] DB 5v/l Turkish Lira (TRY) Denominated Note From: Xavier Avila Date: Fri, 18 May 2018 12:30:13 To: Paul Barrett Cc: Martin Zeman < Davide-A Sferrazza Stewart Oldfield Paul, you could always do an FX Forward, but the below DB Long TRY notes have been issued and can be increased in small sizes. Let us know if interest. Thanks. Xavi From: Xavier Avila Sent: Friday, May 18, 2018 11:51 AM Subject: DB 5y/lOy Turkish Lira (TRY) Denominated Note For investors who believe that Turkish Lira has gone too far and the carry is too atractive. These notes have been issued and can be increased in minimum denominations of TRY 500,000 and TRY 50,000 increments thereafter. DB 5y/lOy Turkish Lira (TRY) Denominated Note Issuer Deutsche Bank AG, London Branch Status of Debt Non-Preferred, Senior, Unsecured Notional Amount TRY [ ] Issue Price 100.00% Redemption Price 100.00 % Issue Date 30 May 2018 Maturity Date (10y) 30 May 2023 (5y) 30 May 2028 Coupon 16.05% 14.90% EFTA01438175 Payment Basis 30/360 Payment Dates Semi-Annually on 30th May and 30th of November. Following. Listing Luxembourg Business Days Istanbul, London & New York ISIN X51824446774 Format of the Notes Bearer Governing Law English Settlement Euroclear / Clearstream Denomination TRY 500,000 minimum size, with TRY 50,000 increments thereafter What are the latest results on our trade-based models (DBeer, FEER, PPP)? On the aggregate of our trade-based valuation metrics, the cheapest currencies in the world are JPY, PEN, TRY and MXN, while the most expensive are CNY, KRW, CHF and ILS. Link to full report: https://research.db.com/research/research/Article?- rid=0900b8c08ea22b78&kid=ESNO01 Trade-based valuations ranked fcid:[email protected] Xavier Avila EFTA01438176 Managing Director I Key Clients Partners Wealth Management Americas Deutsche Bank Securities Inc 345 Park Avenue, New York, NY, 18154-0804 Office Mobile Email KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the FINRA Rule 4512(C)(3), and who are capable of evaluating the strategies, characteristics and investment risks of, and exercising independent judgment in evaluating, the ideas and products discussed herein. Trades and transactions are subject to relevant internal approvals of DBSI or its affiliates prior to execution, and the execution of any transaction or idea discussed herein is conditional on your becoming a client of Deutsche Bank. Key Client Partners (KCP) products, investment ideas and solutions and related matters discussed herein are provided for discussion purposes only, and strictly on a non-advisory basis. The KCP Americas desk does not provide investment advice. The information set forth herein is confidential and personal to you and is being presented for your information and for discussion purposes only. Any reproduction and/or redistribution thereof (in whole or in part) or disclosure of its content without our written consent is strictly forbidden. This communication does not create any legally binding obligation on the part of DBSI or any of its affiliates. EFTA01438177