I just create clean ThirdPerson Template C++ with UE 4.12.5 (Change nothing).
Compile with Visual Studio 2015 update 3.
Run PIE
using below settings.

It is very simple. It can be easily reproduced.
No blueprint or c++ codes modification.
I just create clean ThirdPerson Template C++ with UE 4.12.5 (Change nothing).
Compile with Visual Studio 2015 update 3.
Run PIE
using below settings.

It is very simple. It can be easily reproduced.
No blueprint or c++ codes modification.