The original image that the OP posted shows it viewed from slightly above the mug. This is what makes the top and bottom edges of the mug look like ellipses, not just thin straight lines. Unfortunately, this geometric effect is also distorting the text, making it bulge downward.
In addition, because the text is on a surface (a cylinder) whose L and R edges curve away from the viewer, the width of the letters near the L and R edges is thinner than they actually are.
Unfortunately, if one try to make a pattern based on this distorted view, the geometric distortion of the original perspective view will become glaringly obvious, and I suspect the OP won't be very happy with it.
So, I made a new version based on Gedstar's very nice enlarged version. The animated GIF below shows the effects of my geometric tweaks: The first frame is Ged's version, the second frame is mine. The lines of text are now closer to being on straight lines, and the "D" and "G" in the word, "good" are closer to the sizes of the other letters in the word.
I've also attached a full rez PNG (transparent background) version for the OP to use.
Cheers,
Tom M