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

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<str<strong>on</strong>g>Termsheet</str<strong>on</strong>g><br />

<str<strong>on</strong>g>Express</str<strong>on</strong>g> <str<strong>on</strong>g>Certificate</str<strong>on</strong>g> <strong>on</strong> <strong>Euro</strong> <strong>Stoxx</strong> <strong>50</strong> <strong>Index</strong><br />

<strong>with</strong> <strong>60</strong>% Barrier<br />

6<br />

brokerage or other compensati<strong>on</strong>. If applicable, the capital protecti<strong>on</strong> feature <strong>on</strong>ly applies if Securities are held to<br />

maturity. Market values may be affected by a number of factors including index values, volatility, time to maturity,<br />

dividend yields and issuer credit ratings. These factors are interrelated in complex ways, and as a result, the<br />

effect of any <strong>on</strong>e factor may be offset or magnified by the effect or another factor.<br />

The distributi<strong>on</strong> of these Products is prohibited in some jurisdicti<strong>on</strong>s. This document and the informati<strong>on</strong><br />

c<strong>on</strong>tained herein may <strong>on</strong>ly be distributed and published in jurisdicti<strong>on</strong>s in which such distributi<strong>on</strong> and publicati<strong>on</strong><br />

is permitted. In particular these Securities have not be authorised for offer or distributi<strong>on</strong> to the public in the<br />

<strong>Euro</strong>pean Ec<strong>on</strong>omic Area and the UK and may not be offered or sold in the United States, Canada, Japan, or to<br />

U.S. pers<strong>on</strong>s.<br />

Further risk disclosures pursuant to MiFID can be obtained <strong>on</strong><br />

http://globalmarkets.db.com/riskdisclosures.

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