Termsheet Express Certificate on Euro Stoxx 50 Index with 60 ...

<strong>Termsheet</strong>
<strong>Express</strong> <strong>Certificate</strong> on Euro Stoxx 50 Index
with 60% Barrier
6
- Dividends paid or received for the underlying, or its constituents, or other proceeds which, due to the securities’ design,
are economically attributable to the issuer.
Certain costs are in many cases not taken out of the quoted prices on a consistent basis over the term of the Securities (pro
rata temporis), but are subtracted from the securities’ fair value completely at an earlier point in time, as determined by the
market-maker in its discretion, as there are:
- Management fees charged on the basis of the product
- A premium contained in the issue price
- Dividends and other proceeds of the underlying which, due to the securities’ design, are economically attributable to the
issuer which often are not subtracted when the underlying, or its constituents, are traded ”ex dividend”, but at an early
stage of the securities’ term based on expected dividends for the entire term or a certain time span. The rate at which
such costs are subtracted depends, inter alia, on the net flow back of securities to the market-maker.
Subsequently, the prices quoted by the market-maker can substantially differ from the fair value of the securities, or the value
to be expected economically on the basis of the factors mentioned above, at the relevant time. In addition, the market-maker
can at any time alter the methodology used to set the quoted prices, e. g. increase or decrease the bid-offer spread.
TERMSHEET DISCLAIMER – IMPORTANT NOTICE
In connection with the offer and sale of the Securities, the distributor may acquire the Securities at a discount to
the Issue Price or at the Issue Price. If the distributor acquires the Securities at the Issue Price, it may receive a
distribution fee. Such amounts received by the distributor may be in addition to the brokerage cost/fee normally
applied by the distributor. The purchaser acknowledges that such distribution fee may be retained by the
distributor and that more information may be obtained from the relevant distributor.
Deutsche Bank AG, Frankfurt, is licensed to carry on banking business and to provide financial services by the
German Federal Financial Services Supervisory Authority ("Bundesanstalt für Finanzdienstleistungsaufsicht").
Deutsche Bank AG, London Branch, is also regulated by the Financial Services Authority for the conduct of UK
business.
This document contains a short summary description of the most relevant terms and conditions of the abovedescribed
Product (the "Product"). The complete terms and conditions are included in the Offering Circular/Final
Terms. The facts contained herein are merely for information purposes. This document, and the information
contained therein, does not constitute an issue prospectus according to the articles 652a and 1156 of the Swiss
Code of Obligations ("CO"). The relevant terms and conditions are included in the offering circular, which can be
obtained free of charge at Deutsche Bank AG, Frankfurt, Zurich Branch, POB 8730, 8021 Zurich, Switzerland.
This product does not represent a participation in any of the collective investment schemes pursuant to Art. 7 et
seq. of the Swiss Federal Act on Collective Investment Schemes (CISA) and thus is not subject to the
authorisation or supervision of the Swiss Financial Market Supervisory Authority (FINMA). Therefore, investors in
this product are not eligible for the specific investor protection under the CISA.
This document, and the information contained therein, does not constitute the provision of investment advice; its
sole purpose is the description of the Product. Investing in these Products entails risks and a decision to invest
must in all cases be taken only based on the Offering Circular. Please consider all risks described in the Offering
Circular carefully prior to investing in the Product and consult your professional independent financial, legal,
accounting, and/or tax adviser with respect to an investment in the Product. For further information, please
contact your personal client advisor.
All opinions contained herein are based on the current view of Deutsche Bank AG, and may be amended without
prior notice. Deutsche Bank AG does not make any representation, recommendation or warranty, regarding the
accuracy, adequacy, reasonableness or completeness of the information contained herein, even though all
information contained herein originates from reliable sources. All rates and prices are subject to changes and are
published for information purpose only and not as indicator for tradable rates and prices. The relevant Tax Laws
or the practice of the Tax Authorities may change at any time. Deutsche Bank AG is not responsible for and
assumes no liability with respect to any tax implications on this Product. Past performance is not indicative of
future results. The Products are unsubordinated, unsecured contractual obligations of Deutsche Bank AG. They
do not benefit from any preference in rank. The insolvency of Deutsche Bank AG may lead to a partial or total loss
of the invested capital.
Deutsche Bank AG or its affiliates or persons associated with Deutsche Bank AG or its affiliates may maintain a
long or short position in Products and Underlyings referred to herein, or in related futures or options, purchase or
sell, make a market in, or engage in any other transaction involving such Products and Underlyings, and earn