Deutsche X-markets Leverage products on Swiss DOTS Extended trading hours | Wide range of products High liquidity and low spreads

The products are not collective investment schemes as per the Swiss Federal Act on Collective Investment Schemes (CISA) and are not subject to the authorization or supervision of the Swiss Financial Market Supervisory Authority FIN- MA. Investors bear the issuer risk.

Swiss DOTS (Swiss Derivatives OTC Trading System) provides and PostFinance customers with the opportunity to trade thous- ands of leveraged products directly with the issuer. These can be traded from 08.00 to 22.00 at a flat commission of 9 CHF/EUR/USD per trade, regardless of the order value. The trader may choose between several thousand different Deutsche Bank products including War- rants, Knock-Out Warrants, Mini Futures, Open End Turbos or Constant Leverage Certificates. In the midterm it is planned to expand the offering to up to 20.000 products. The underlying assets range from international equities and indices to precious metals and commodi- ty futures. When trading on Swiss DOTS, investors benefit in particular from extended trading hours: products traded on Swiss DOTS may be traded, depending on the underlying, up to 14 hours per day. Thus, investment decisions can be implemented after the official closing of the Swiss Stock Exchange. Deutsche Bank only acts as a market maker for the products and quotes bid and ask prices during trading hours. Hence, investors are usually provided with a liquid market with low-bid-ask on Swiss DOTS. Furthermore Swiss DOTS allows the in- vestor to place different order types, for instance limit and market orders as well as stop loss orders. Deutsche Bank issues new products regularly to ensure that the product range is always up to date and investors find suitable products for the current market situation.

Trading hours

Equities 08:00 to 22:00 Precious metals 08:00 to 20:00 Equity indices 08:00 to 22:00 Futures 08:00 to 20:00 Currencies EUR/USD 08:00 to 22:00 Currencies (excluding EUR/USD) 08:00 to 20:00

Product range

Deutsche Bank offers over 8,000 leverage products on Swiss DOTS. These include Warrants, Warrants with Knock Out, Mini Futures, Open-End Turbos and Constant Leverage Certificates. Swiss and foreign equities, global equity indices and the main commodities are offered as underlying assets for leverage products by Deutsche Bank. The range of underlyings is being expanded on a continuous basis, so that the product portfolio is continually increasing. You can’t find the right product? Feel free to contact us at 044 227 3420.

Spreads

Another advantage of Swiss DOTS are the low spreads, i.e. the small differences between bid and ask price. As a result, the transaction costs can be kept at a limit even for larger trading volumes and the products are also interesting for active investors who execute multiple transactions per day.

Transparent trading

Swiss DOTS allows customers of Swissquote and PostFinance to trade directly with the products issuers. Trading takes place exclusively over the counter (OTC), which is why the products are not listed on any stock exchange. This enables the investor to trade efficiently and cost-effective on Swiss DOTS. If a transaction is concluded at a price significantly different from current market prices, there are clear mistrade rules. This ensures that trading remains fair and transparent at all times for all participants.

Order types

Besides limit orders and market orders, Swiss DOTS further offers the possibility of placing stop loss orders and stop limit orders. Thus, investors can choose, at which price they want to buy or sell. Stop orders are triggered at Swiss DOTS once the bid price corresponds to the specified value and does not depend on executed trades. Hence, the trade volume of a product is not decisive for the efficient execution of these types of orders. Deutsche BankBank X-markets Leverage products on Swiss DOTS Extended trading hours | Wide range of products High liquidity and low spreads

Webpage

You can view the current product range of Deutsche Bank at any time on our website at: www.xmarkets.ch. There you will find additional information and tools about leveraged products in general, and on currently tradable products. On the website, various publications and tools are offered. The knock-out map is a popular tool for a quick selection of the desired knock-out products: All knock-out products are shown in relation to the current price of the underlying - short products in blue at the top and long products in green below. So you can select the right product for you in a quick and efficient way.

K-O Dez 2016 Mini-Future Open End Turbo

Image: The knock-out map provides an overview of current knock-out products in relation to the price of the underlying.

Impressum / Disclaimer

Publisher: Deutsche Bank AG / Zurich branch, X-markets , Uraniastrasse 9, 8001 Zurich; Web: www.xmarkets.ch E-mail: x-markets.ch@db. com; Telephone: +41 44 227 34 20. We draw your attention to the fact that calls made to or received at the phone number listed are recorded. We assume that in calling you agree to this business practice. The information contained in this Document does not constitute investment advice. Investment decisions should always be made on the basis of the relevant Simplified Prospectus or Term Sheet. All statements of opinion are subject to change without notice. As set out in the Simplified Prospectus or Term Sheet, the sale of these Products is subject to restrictions in some jurisdictions. In particular, the Products may not be offered or sold within the United States or to or for the benefit of U.S. persons. This Document and the information contained herein may only be distributed or published in jurisdictions in which such distribution and publication is permitted in accordance with the applicable legal provisions of the country in question. Any direct or indirect distribution of this Document in the United States, the United Kingdom, Canada, Japan or the European Economic Area (EEA), or to US persons, is prohibited. Issuer: Deutsche Bank AG. Issuer/credit risk: Should the Issuer be unable to make payment, there is a risk of total loss of the capital invested. The full details on the Products, particularly of the Terms and Conditions, the structure of the Products and the risks connected with an investment in the Products, as well as information on the Issuer can be found in the relevant indicative or definitive Simplified Prospectus or the relevant Term Sheet and the Terms and Conditions. These documents are available free of charge at Deutsche Bank AG, Frankfurt, Zurich branch, Postfach 3604, 8021 Zurich, Switzerland, or may be downloaded at http://www.xmarkets.ch. All information contained in this Document is provided without guarantee. All rights reserved. As of July 2016

Please feel free to contact us with any questions you may have:

Tel.: +41 (0) 44 227 34 20 [email protected]