EFTA01454253

2009 2010 2011 GD6610 Index (Germany Generic Govt 10Y YieW) Grad"' 133 2012 2013 6:0,,,,c1.13 20:4 El;cO—berg rir axe L P. 3.500 3.000 2.500 2.000 1 CN1 .369 1.000 2014 :5- way-2014 06 55 12 Kind regards, Pierluigi Amicarella Pierluigi Amicarella Deutsche Bank (Suisse) SA Key Client Partner Prime Tower filardstnasse 201. 8005 Zurich, Switzerland Tel. +41(58)111-5450 Fax +41(58)111-5493 Mobile +41 791202631 Email pieduigi arnicarellaedb.com The proposed ideas are being delivered to you by the DBS Key Client Partners ('KCP') EMEA Switzerland desk on your request for discussion purposes only and strictly on a non advisory buts. The proposed ideas do not create any legally binding obligation on the pad of Deutsche Bank AG and / or its affiliates CDB"). These ideas are for the consideration of the intended recipients of this mail only. NOTE: The KCP EMEA Switzerland desk does not provide investment advice. All intended recipients are sophisticated. qualified investors within the meaning of the Swiss Collective Investment Schemes Act of June 23. 2006 (CISA) and MIFID professionals who understand the strategy. characteristics and risks associated with the ideas proposed herein and will be able to evaluate it independently. The products mentioned in this presentation may not be registered with the Swiss Financial Market Supervisory Authonty (FINMA), and therefore. not supervised by the FINMA. As a resutt. you cannot clam any protection for tnregistered products under the CISA. No assurance can be given that the objectives of the mentioned products/services will be achieved. Moreover, a decision to invest in the mentioned products may have accounting, tax, legal and other implications. Therefore. you should discuss and review the content of thni document and the offenng documentation of the mentioned products with your own advisors and/or counsel, and conduct your own investigation to independently determine the suitability and consequences of such investments on your own finanaal nrcumstances prior to any decision. This dournent is confidential and personal to you and is being presented for informational and discussion purposes only. Any reproduction and/or redistribution thereof, in whole or in part, and any disclosure of its content without our consent is strictly forbidden. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. - -- Forwarded by Tazia Smithnbrdbcom on 05'15/2014 03.27 PM --- From. Tava SmAltdbicibcom To: jeevacationagmall corn. cc Joe fiall,dbAbcom@DBAMERICAS, mark whymandi>db.com. richardkahnl2Pomail corn. Paul Morns, Vahe CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 112253 CONFIDENTIAL SDNY_GM_00258437 EFTA01454253