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DB Base Metals Long ETN due 6/1/2038
Ticker Symbol: BDG* CUSIP: 25154K825 Exchange: NYSEA
* NOTE: This security is no longer trading as of 9/23/2016
Company's Online Profile
BUSINESS: DB Base Metals Long ETN due 6/1/2038, formerly PowerShares DB Base Metals Long ETN, are senior unsecured obligations securities issued by Deutsche Bank Aktiengesellschaft (AG), London Branch. INVESTMENT OBJECTIVE: The DB Base Metals Long ETN seeks to track the price and yield performance, before fees and expenses, of the daily return of the Deutsche Bank Liquid Commodity index - Optimum Yield Industrial Metals Excess Return. The ETN offer investors unleveraged exposure to the monthly performance of the industrial metals index plus the monthly TBill Index return, subject to the investor fee. INDEX DESCRIPTION: The Index is a total return version of the Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals. The performance of the Index is obtained by combining the returns on two component indices: the DB 3-Month T-Bill Index (TBill index) and the Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals Excess Return (industrial metals index). The industrial metals index is intended to reflect the price changes, positive or negative, in a basket of aluminum, copper-grade A and zinc futures. The TBill index is intended to approximate the returns from investing in 3-month United States Treasury bills on a rolling basis. If the industrial metals index increases over any calendar month (a beneficial monthly performance), the return on the Index for the Base Metals Long ETN will increase by the movement of the industrial metals index, plus the monthly TBill index return. If the industrial metals index decreases over any calendar month (an adverse monthly performance), the return on the Index will decrease by the movement of the industrial metals index, subject to the addition of the monthly TBill index return. RETURNS AND MATURITY: If your securities have not previously been repurchased by Deutsche Bank, at maturity you will be entitled to receive a cash payment per security equal to: Current principal amount × applicable index factor on the final valuation date × fee factor on the final valuation date. Because the current principal amount is reset each month and is reduced by the investor fee, the securities do not offer a return based on the simple, point-to-point performance of the relevant Index from the inception date to the final valuation date or date of earlier repurchase. Instead, the amount you will be entitled to receive at maturity or upon any earlier repurchase will be contingent upon each monthly performance of the relevant Index during the term of the securities and will be reduced by the investor fee. Accordingly, even if over the term of the securities the relevant Index for your securities has demonstrated an overall positive performance, there is no guarantee that you will receive at maturity or upon any earlier repurchase, your initial investment or any portion thereof. This is because the amount you will be entitled to receive at maturity or upon any earlier repurchase depends on how the relevant Index has performed in each month prior to maturity or repurchase and, consequently, how the current principal amount has been reset in each month. In particular, significant negative monthly performances for your securities may not be offset by any positive monthly performances. The securities will be issued in denominations of $25 with a maturity date of June 1, 2038. REDEMPTION AND FEES: Investors can buy and sell the ETN on the NYSE Arca exchange or receive a cash payment at the scheduled maturity or early redemption based on the performance of the Index less investor fees. The issuer has the right to redeem the ETN at the repurchase value at any time. Investors may redeem the ETNs in blocks of no less than 200,000 securities and multiples of 50,000 securities thereafter. Redemptions may include a fee of up to $0.03 per security. The investor fee is equal to 0.75% per annum, calculated daily and applied monthly to the current principal amount. For further information on this ETN click on the Link to IPO Prospectus.
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Notes: The issuer of this ETN has suspended the issuance of new notes as of 1/1/2016. ETNs that are closed to the issuance of new notes pose additional investment risks such as the potential for the market price to deviate from the fund's Net Asset Value, as well as increased volatility. Paying a premium over an ETN's Net Asset Value could lead to significant losses.
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IPO - 6/16/2008 -
Link to IPO Prospectus
Previous Name: PowerShares DB Base Metals Long ETN due 6/1/2038 Changed: 2/24/2015
Micro Cap Stock -
Market Value $1.6 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: Deutsche Bank AG, New York Branch, 60 Wall Street, New York, NY 10005 |
| Main Phone Number |
877-369-4617 |
| Fax Number |
Not Available |
| Investor Contact
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877-369-4617
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| Toll Free Phone Number |
800-983-0903 |
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