EFTA01459563

Global Economy Major U.S. Election Topics Making History? j 9-1 8 I 7 6- 5' 4 3 2 1 0 I 1 1 44-52 52-60 60-68 68-76 76-80 80-88 t 88-92 92-00 00-08 08-16 -0 - If a Democrat becomes the next U.S. President, it would be only the second time since the end of WWII that one party has held the White House for more than eight years. Footnotes Data is 1944-2016 Presidential terms. Red is republican, blue is democrat President Source. Deutsche BankWealth Management Deutsche Bank Wealth Management Elections Favorable for Equities 1936 1940 1944 2000 2004 2008 2012 1448 1952 1956 1960 1972 64 19968 97 1976 1980 Recess( 1984 1988 1992 1996 Recessions 10% 20% 30% 40% -40% -30% -20% S&P 500 Return 12 months Leading up to Presidential Election Day Out of the 20 Presidential elections since 1936, the S&P 500 has been positive 17 times (85%) in the 12 months leading up to the election. On average, the S&P 500 is up 9% in the 12 months leading up to the Presidential election day. Footnotes: Data reflects S&P 500 performance in the 12 months leading up to the election cycles from 1936-2012. Source: FactSel. Deutsche Bank Wealth Management. 5 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 120054 SDNY_GM_00266238 EFTA01459563