EFTA01446864

80%: 868 13mo Contingent Minimum Return Worst-of Note (S&P 500 and Russell 2000): WOF SPX/RTY 8% Cont Min Return 80% Barrier Daily obs. 29.30% Cap Indicative levels only, subject to market movement, source: DB AwM Structured Solutions, 2/5/14. Europe Note: your current Eurostoxx Contingent Note matures 8/26/14, cont min was 4%, cap was 17%, barrier was 70% (1935). A direct comp to your existing structure is currently not pricing well (10.0 on proposed sheet, 5.0 on suggested). Combining us and European views improves the terms and upside participation: 5X5E Current: 2962 80%: 2369 13mo Contingent Minimum Return worst-of Note (Eurostoxx50 and Russell 2000): WOF SX5E/RTY 11.5% Cont Min Return 80% Barrier Daily obs. uncapped Indicative levels only, subject to market movement, source: DB AwM Structured Solutions, 2/5/14. (Embedded image moved to file: pic01544.gif) Tazia Smith Director I Key Client Partners - uS Deutsche Bank Securities Inc Deutsche Asset & wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 (Embedded image moved to file: pic23531.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0101278 CONFIDENTIAL SDNY_GM_00247462 EFTA01446864