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DB Commodity Long ETN due 4/1/2038
Ticker Symbol: DPU* CUSIP: 25154H459 Exchange: NYSEA
* NOTE: This security is no longer trading as of 4/22/2016
Company's Online Profile
BUSINESS: DB Commodity Long ETN due 4/1/2038, formerly PowerShares DB Commodity Long ETN, are senior unsecured obligations securities issued by Deutsche Bank Aktiengesellschaft (AG), London Branch. INVESTMENT OBJECTIVE: The DB Commodity Long ETN seeks to replicate, net of expenses, the Deutsche Bank Liquid Commodity Index - Optimum Yield. This ETN offer investors unleveraged exposure to the monthly performance of the DB Optimum Yield Commodity Index plus the monthly TBill Index return, subject to the investor fee. INDEX DESCRIPTION: The Deutsche Bank Liquid Commodity Index - Optimum Yield is intended to reflect changes in the market value of certain commodity futures contracts based on crude oil, heating oil, aluminum, gold, corn and wheat. If the DB Optimum Yield Commodity Index increases over any calendar month (a beneficial monthly performance), the return on the Index for the Commodity Double Long ETNs will increase by the movement of the DB Optimum Yield Commodity Index, plus the monthly TBill index return. If the DB Optimum Yield Commodity Index decreases over any calendar month (an adverse monthly performance), the return on the Index will decrease by the movement of the DB Optimum Yield Commodity 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 April 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: April 5, 2016 -- Deutsche Bank today announced that it expects the staff of the NYSE to commence proceedings to delist the DB Commodity Long Exchange Traded Notes (the ETN; ticker DPU) from the NYSE Arca since the ETN has fallen below the NYSE Arca’s continued listing standard requiring the ETN to maintain an aggregate market value of at least $400,000. As previously announced, further issuances of the ETN were suspended on February 9, 2012.
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IPO - 4/28/2008 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $7.2 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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