a being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparts,: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying (PF) Performance

00 150 125 100 75 50 Dec 02 Dec 04 Dec 06 Dec 08 Dec 10 Dec 12 — STOXX Ewope Low Beta High Div 50 Index (PR) — turosroxx 50 Index (PR) —STOXX Europe 600 index (PR) Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Return statistics IRR sex. ITICOP0071 STOXX Europe Low Beta High

pricing. Structure linked to Stoxx Low Beta High Dividend Index Index Description The STOXX Europe Low Beta High Div 50 Index is derived from the STOXX Europe 600 Index. To be eligible for inclusion in the new index, companies must have a net dividend yield for the past twelve months that is higher than

ta being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparty: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying (PF) Performance

ta being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparty: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying CONFIDENTIAL — PU

ba Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454 0857 Mobile +1 917 374 4185 Email [email protected] IRR since inception STOXX Europe Low Beta High Div 50 Index (PR) 6.80% SXSE Index Index (PR) 234% STOXX Europe 600 Index (PR) 4.42% YTD return 789% 3.76% 4.51% 1.month

cture linked to Stoxx Low Beta High Dividend Index Index Description EFTA01472515 The STOXX Europe Low Beta High Div 50 Index is derived from the STOXX Europe 600 Index. To be eligible for inclusion in the new index, companies must have a net dividend yield for the past twelve months that is higher than

ield 45 bps. Given the continued search for yield, we would look to=do a total return swap on the index to obtain long exposure. Best, Nicole lyr STOXX Europe 600 Real Estate Index Source: Bloomberg 11/05/2015 Best, Nicole Nicole Wolf I J.P. Morgan Securitie= LLC J.P. Morgan Private Bank I JP Morgan Ch