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IMPORTANT INFORMATION RELATING TO THIS NEWSLETTER
The information and opinions in this newsletter were provided by Finanzpark AG
and does not reflect the opinion of Deutsche Bank AG
or any of its affiliates (collectively, "Deutsche Bank").
Finanzpark AG is not an affiliate of Deutsche Bank AG. It has been engaged
by Deutsche Bank to prepare technical comments relating to structured products and markets.
Under this arrangement, Deutsche Bank may request Finanzpark AG to initiate
or discontinue the coverage of specified structured products, underlying securities
or markets which Finanzpark AG may reject or accept. Deutsche Bank does not have
any editorial control over the contents and opinions of the newsletter produced
by Finanzpark AG for Deutsche Bank other than a right to publish the newsletter in
full or in part with a right to amend any clerical errors.
For further information on Finanzpark AG, please refer to www.finanzpark.de.
Deutsche Bank may engage in securities transactions in a manner inconsistent
with this newsletter. With respect to structured products covered by this newsletter
and their underlying securities, Deutsche Bank will sell to or buy from investors on a principal basis.
The structured products discussed in this newsletter may include structured products issued
by Deutsche Bank and Deutsche Bank will have a commercial interest in the sale
or purchase of such structured products by any investor.
The publication of this newsletter of Finanzpark AG by Deutsche Bank does not imply
the endorsement by Deutsche Bank of the opinions of Finanzpark AG or the accuracy
and completeness of any information used by Finanzpark AG in this newsletter.
In particular, Deutsche Bank makes no representation as to the accuracy
or completeness of such information. Opinions, forecasts and projections
in this newsletter constitute the judgement of the author as of the date of this newsletter
and are subject to change without notice. They do not reflect the opinions of Deutsche Bank.
This newsletter is provided by Deutsche Bank for informational purposes only.
It is not to be construed as an offer to buy or sell or a solicitation of an offer
to buy or sell any structured products or to participate in any particular trading strategy
in any jurisdiction by Deutsche Bank or Finanzpark AG. The structured products discussed
in this newsletter may not be suitable for all investors. Past performance information
is not indicative of future results. The price of the structured products may fall
in value as rapidly as it may rise and an investor may sustain a total loss of his investment.
An investor should therefore ensure that he understands the nature of the structured products
and carefully study the risk factors set out in the Base Listing Document
and the relevant Supplemental Listing Document and, where necessary,
seek professional advice before investing in the structured products.
The terms and conditions of each issue of structured products, together with financial
and other information on the Issuer, are set out in the Base Listing Document
and the relevant Supplemental Listing Document. Such documents are available from
the website www.dbwarrants.com.hk. Please refer to the relevant Supplemental Listing Document
for disclaimers regarding the Hang Seng Index or the Hang Seng China Enterprises Index (if applicable).
Investors should note that the Issuer acting through its appointed liquidity provider may be
the only market participant in respect of the structured products and the secondary market
for the structured products may be limited.
This newsletter may only be distributed in places that are permitted and in Hong Kong,
this newsletter is deemed to be published and distributed by Deutsche Bank AG, Hong Kong branch.
This newsletter may not be reproduced, distributed or published by any person for any purpose
without Deutsche Bank's prior written consent. When quoting any part of this newsletter,
please cite Finanzpark AG as source and Deutsche Bank as publisher of this newsletter together
with this "Important Information Relating to this Newsletter".
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