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tivities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. Lending and banking services are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. 02016 Deutsche Bank AG. All rights reserved. 023040T 012716 SPG approved Deutsche Ban
o reinvestment risk, which is the risk that principal and/or interest payments from a given investment may be reinvested at a lower interest rate Tax Free Municipal bonds are subject to changes in price, call and availability. Under present law, these bonds provide exemption from federal tax and depending on y
tivities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. Lending and banking services are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. 02016 Deutsche Bank AG. All rights reserved. 023040T 012716 SPG approved Deutsche Ban
o reinvestment risk, which is the risk that principal and/or interest payments from a given investment may be reinvested at a lower interest rate Tax Free Municipal bonds are subject to changes in price, call and availability. Under present law, these bonds provide exemption from federal tax and depending on y
activities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. Banking and lending services are offered through Deutsche Bank Trust Company Americas, member FDIC. and other members of the Deutsche Bank Group. O2017 Deutsche Bank AG. All rights reserved. 0256657 060517 CONFIDENTIAL - PURSUANT TO
f information about bonds and bond investing, and is available at via the website httPliepps.finra.org/Investor Intormationismart/bonds/000100.aso. Tax Free Municipal bonds are subject to changes in price, call and availability. Under present law, these bonds provide exemption from federal tax and depending on your
Entities connected to both Deutsche Bank Trust Company Americas and Tax Free Municipal

United States
LOCATION
Deutsche Bank
ORGANIZATION
Paul Morris
PERSONDeutsche Asset & Wealth Management
ORGANIZATIONthe Deutsche Bank Group
ORGANIZATION
Baltimore
LOCATION
New York
LOCATION
Moody's
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Julie K. Brown
PERSONthe Alternative Minimum Tax
ORGANIZATION
Madrid
LOCATION
Zurich
LOCATION
Milan
LOCATION
Frankfurt
LOCATIONNational Tax-Free Institutional
ORGANIZATIONThe iMoneyNet Money Funds
ORGANIZATIONJoseph Dursi
PERSON
Belgium
LOCATIONThomas P. Heidenberger
PERSON