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ELEMENTS ETN linked to Morningstar Wide Moat Focus TR Index due 10/24/2022
Ticker Symbol: WMW* CUSIP: 25153Q708 Exchange: NYSEA
* NOTE: This security is no longer trading as of 10/24/2022
Company's Online Profile
BUSINESS: ELEMENTS ETNs linked to the Morningstar Wide Moat Focus Total Return Index, due October 24, 2022, are senior, unsecured debt securities, Series A global notes issued by Deutsche Bank AG All payments on the ETNs are subject to the credit risk of the issuer. The ETNs may purchased and sold on the US markets. INVESTMENT OBJECTIVE: The Deutsche Bank ELEMENTS ETN is designed to track the performance of the Morningstar Wide Moat Focus Total Return Index and do not pay any interest during their term. INDEX DESCRIPTION: The Morningstar Wide Moat Focus Total Return Index is a subset of the Morningstar US Market Index and contains companies that have sustainable competitive advantages and that trade at discounts to Morningstar’s determination of their fair value. The Index is determined by the following 2-step process: 1. Defining the Wide Moat universe: Morningstar identifies the companies with wide moats in the Morningstar US Market Index, a broad market index consisting of 97% of U.S. equity market capitalization. A company is said to have a wide moat if it has (i) a sustainable return on invested capital exceeding its cost of capital; and (ii) an ability to maintain one or more of the four following competitive advantages: a) High Switching Cost b) Cost Advantage c) Intangible Assets d) Network Effect. Approximately 10% of the companies in the Morningstar US Market Index currently have a wide moat. 2. Determining the Wide Moat Focus Index: The Index is comprised of 20 eligible companies in the Morningstar Wide Moat universe with the highest ratios of fair value to stock price. The Index was equally weighted at inception and is reconstituted and rebalanced quarterly so that each component stock represents 5% of the Index. Generally, 1% of the companies in the Morningstar US Market Index become components of the Index. RETURNS AND MATURITY: The return on the ETNs is directly linked to the performance of the Index. At maturity, August 14, 2023, you will receive a cash payment equal to the principal amount of your securities times the index factor on the final valuation date times the fee factor on the final valuation date. FEES: The investor fee is equal to 0.75% per annum accrued on a daily basis. PROSPECTUS: Before investing in this exchange traded note (ETN), investors need to click on the Link to IPO Prospectus provided below and carefully study the prospectus to understand this speculative security.
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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 - 10/17/2007 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $9.3 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 |
| Foreign Address and Phone Numbers |
| Address: 1 Great Winchester Street, EC2N 2DB London, Great Britain |
| Main Phone Number |
+44 20 754 58000 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: Deutsche Bank AG, New York Branch, 60 Wall Street, New York, NY 10005 |
| Main Phone Number |
212-449-2957 |
| 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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