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from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. Deutsche Asset weith Manaf)ely CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0050077 CONFIDENTIAL SDNY_GM_00196261 EFTA01361150
e bonds provide exemption from federal tax and depending on your state of residence may be exempt from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. Deutsche Asset weith Manaf)ely CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6
from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. Deutsche Asset 17 Manaoenc: CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059493 CONFIDENTIAL SDNY_GM_00205677 EFTA01367869
e bonds provide exemption from federal tax and depending on your state of residence may be exempf from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. Deutsche Asset 17 Manaoenc: CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e
from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. Deutsche Asset weith Manaf)eir; CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0083483 CONFIDENTIAL SDNY_GM_00229667 EFTA01383699
e bonds provide exemption from federal tax and depending on your state of residence may be exempt from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. Deutsche Asset weith Manaf)eir; CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P.
nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as
bonds provide exemption from federal tax and depending on your state of residence may be exempt from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. High Yield Fixed Income — Investing in high yield bonds, which tend to be mo
nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as
bonds provide exemption from federal tax and depending on your state of residence may be exempt from state and local tax. Income may be subject to the Alternative Minimum Tax. There are additional risks associated with International investing. High Yield Fixed Income — Investing in high yield bonds, which tend to be mo
Entities connected to both Deutsche Asset & Wealth Management and the Alternative Minimum Tax

Jeffrey Epstein
PERSON
Paul Morris
PERSON
Richard Kahn
PERSON
Deutsche Bank
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONDeutsche Bank Trust Company Americas
ORGANIZATION
United States
LOCATION
Frankfurt
LOCATION
New York University
ORGANIZATION
Julie K. Brown
PERSONJoseph Dursi
PERSONBloomberg Finance LP
ORGANIZATION
Norway
LOCATION
Denmark
LOCATION
Finland
LOCATIONthe Deutsche Bank Group
ORGANIZATIONLarry Adam
PERSONTax Free Municipal
ORGANIZATION
New Zealand
LOCATIONTreasury Inflation Protected Securities
ORGANIZATION