Option Payout Notional

SEC

NKY

Deutsche Bank Confidential Equities Structuring Group Termsheet Disclaimer

THE END Of TIC TERM

Deutsche Bank Confidential Equities Structuring Group

the Financial Services Authority

Max

Deutsche Bank AG

Business Days TARGET Settlement Day Calculation/Paying

London Branch Option Buyer Southern Financial

Underlying Initial Level k Bloomberg Code Reuters Code

London Branch

P64,07rwL

Deutsche Bank AG Determining Party

Underlying

BaFin - Federal Financial

Underlying

Deutsche Banks

London

Expiry Date

Deutsche Bank Confidential Equities Structuring Group Instrument Type OTC Option Option Seller Deutsche Bank AG

k,0