Südzucker International Finance B.V.

EUR 700,000,000.00

Undated Subordinated Fixed to Floating Rate Bonds


ISIN XS0222524372


According to § 5 clause 2(e) in connection with § 13 clause 2 of the Conditions of Issue we would like to announce, that the rate of remuneration for the period of 29 December 2017 to 29 March 2018 excluded (90 days) has been fixed at 2.771 % p.a. The rate of remuneration is determined according to § 5 clause 2 of the Conditions of Issue from the 3-month-Euribor plus a margin of 3.10 % p. a. The payable remuneration on the total aggregate principal amount of the bond amounts to EUR 4,849,250.00 and becomes due on 29 March 2018 subsequently.

27 December 2017


Deutsche Bank AG