N OTA P ROT EG IDO II

Transcription

1 Nta Fnds Selección Prtegid II is a financial slutin that allws yu t earn a regular incme and attractive returns while prtecting yur capital at maturity. N OTA FONDOS SELECCIÓN P ROT EG IDO II Deutsche Bank, Sciedad Anónima Españla, registered ffice: Pase de la Castellana, 18, 28046, Madrid, registered with the Cmpanies Registratin Office fr Madrid, vlume 28100, bk 0, fli 1, sectin 8, sheet M506294, entry N. 2, tax identificatin number: A

2 N O T A F O N D O S S E L E C C I Ó N I want t get a higher return n my savings! Will this prduct help me achieve that? Fernand, 43 years ld, Valencia. The Nta Fnds Selección Prtegid II is a prduct that gives Fernand a real chance t achieve the returns that he seeks, but hw? The prduct is a Deutsche Bank AG Nte which is linked t a selectin f funds frm ur Lista Selección that makes up a diversified prtfli thrugh a cmbinatin f funds with: Different risk prfiles Different asset classes Different management styles See Level f risk and cmplexity n page 6 fr an explanatin f prfiles. And we are nt talking abut just any funds, but funds frm 5 wrld-class management firms One f the mst wellknwn funds in the industry, it is als ne f the ldest flexible asset allcatin funds (1990). It has achieved utstanding results in times f crisis such as in It can invest up t 50% in equities, based n a highly flexible and dynamic psitining apprach. It is rated fur stars by Mrningstar. Objective: abslute return: Enia +200 basis pints using Eurpean fixed incme assets. Flexible fund: maturities between -3 and +3. Cnservative risk prfile (vlatility between 1 and 3% and 1.23% ver the last 12 mnths). There are n stars in this categry (Alt-Debt arbitrage). Multiasset fund with a dynamic prfile. Return target: 7% Vlatility: 6%-10% It seeks t take advantage f glbal macrecnmic trends. It has shwn strng decrrelatin in times f turmil. There are n stars in this categry (Alt- Multistrategy). A mixed fixed incme fund with a mderate prfile. It seeks an abslute return and invests in equities (up t 20%) and cmmdities (up t 10%) t achieve this bjective, but its cre asset is fixed incme. It has a lng track recrd (1998) and its management team has been specializing in investment since the 1980s. Rated fur stars by Mrningstar. Mixed cnservative fund. A traditinal fund that invests up t 15% f its prtfli in glbal equities and 85% in Eurpean bnds. Fund with a five star rating by Mrningstar and a lng track recrd. *Surce: Deutsche Bank Investment Centre Mrningstar ratings and stars may change ver time. These expectatins are merely an bjective, they are by n means guaranteed. Deutsche Bank, Sciedad Anónima Españla, registered ffice: Pase de la Castellana, 18, 28046, Madrid, registered with the Cmpanies Registratin Office fr Madrid, vlume 28100, bk 0, fli 1, sectin 8, sheet M506294, entry N. 2, tax identificatin number: A

3 N O T A F O N D O S S E L E C C I Ó N Funds that have histrically perfrmed well 01/11/ /10/ /10/ /09/2015 Annualized return 01/10/ /09/ /10/ /09/ /10/ /09/2012 MrningStar ratings Categry Carmignac Prtfli Patrimine F EUR Acc*** 1.77% 4.35% 4.45% 7.69% 7.20% Mrningstar des nt rate these categries Mixed Mderate BlackRck Fixed Incme Strategies Fund D2 1.63% 4.56% 11.62% 7.45% 7.47% Mrningstar des nt rate these categries Fixed Incme Arbitrage JPM Glbal Macr Opprtunities C (acc) 1.30% 1.98% 5.21% 4.07% 6.94% Multistrategy DWS Cncept DJE Alpha Renten Glbal FC* * -3.33% 19.77% 9.24% 13.89% -2.11% Mixed Cnservative Allianz Strategy 15 Share Class WT** 2.70% 2.04% 8.23% 2.38% 9.02% Mixed Cnservative Surce: Mrningstar. Mrningstar ratings and stars may change ver time. * Returns calculated based n the LU DWS Cncept DJE Alpha Renten Glbal LC fund class with the lngest histry. ** Returns calculated based n the LU Allianz Strategy 15 CT fund class with the lngest histry. *** Returns calculated based n the FR Carmignac Patrimine A fund class with the lngest histry. Past perfrmance des nt guarantee future perfrmance. S Fernand can be reassured n the issue f return. That s great, I m cnvinced abut the return. But what if I want t receive a regular incme every year? Or withdraw my investment when I need it? Withut lsing any mney f curse! Deutsche Bank, Sciedad Anónima Españla, registered ffice: Pase de la Castellana, 18, 28046, Madrid, registered with the Cmpanies Registratin Office fr Madrid, vlume 28100, bk 0, fli 1, sectin 8, sheet M506294, entry N. 2, tax identificatin number: A

4 Deutsche Bank, Sciedad Anónima Españla, registered ffice: Pase de la Castellana, 18, 28046, Madrid, registered with the Cmpanies Registratin Office fr Madrid, vlume 28100, bk 0, fli 1, sectin 8, sheet M506294, entry N. 2, tax identificatin number: A N O T A F O N D O S S E L E C C I Ó N Right, let s g ver the 3 things that Fernand is asking fr, in additin t higher returns. Annual Annual incme incme A fixed cupn f 1% and 1.5% will be paid in Year 1 and 2, respectively. Frm Year 3, a ptential annual cupn f 90% will be paid n the return achieved since inceptin (annualized rate). Yes, Fernand can ptentially receive an annual cupn. Access t capital Annual when incme needed The investr can redeem the nte at market price at any time. Yes, Fernand can sell the prduct at market price whenever he wants. Prtected Annual capital incme The prduct is a Deutsche Bank nte that returns 100 % f the invested capital at maturity. Yes, Fernand will nt lse a single cent at maturity. Example f hw cupns are calculated Years Annual perfrmance* f the basket Aggregate perfrmance f the basket (aggregate perfrmance since inceptin) * Frm Year 3, if the basket s perfrmance is negative, n cupn will be paid. Annual average perfrmance (aggregate perfrmance divided by the number f years elapsed) Theretical cupn n the nte (Years 1 and 2: fixed cupns; frm Year 3: 75% f the annual average perfrmance) Year 1-2% -2% (100-2%=98) Fixed cupn 1% Year 2 7,14% 5% (98*7,14%=105) Fixed cupn 1,50% Year 3 3,81% 9% (105*3,81%=109) 9% / 3 = 3% 3%*90%=2,70% 2,70% Year 4 4,59% 14% (109*4,59%=114) 14% / 4 = 3,5% 3,5%*90%=3,15% 3,15% Frm Year 5. Fernand can relax nw

5 Deutsche Bank, Sciedad Anónima Españla, registered ffice: Pase de la Castellana, 18, 28046, Madrid, registered with the Cmpanies Registratin Office fr Madrid, vlume 28100, bk 0, fli 1, sectin 8, sheet M506294, entry N. 2, tax identificatin number: A N O T A F O N D O S S E L E C C I Ó N Summary f ptential develpments. Example fr an investment f 10,000 eurs Year 1 (15/12/2017) Year 2 (14/12/2018) Year 3 t 9 (16/12/2019 t 16/12/2025) Year 10 (16/12/2026) Payment EUR 100 Cupn. The investment cntinues. EUR 150 Cupn. The investment cntinues Cupn f 90% n the annual average perfrmance f the basket Cupn f 90% n the annual average perfrmance f the basket and repayment f the invested capital. Cupn + 10,000 eurs capital Example: If the average perfrmance f the basket is 4%, a cupn equal t 90% f that perfrmance will be paid, i.e. 3.6% (equivalent t 360 eurs). Aggregate amunt and APR at maturity Scenari 1 Scenari 2 A cupn f 3.6% has been paid n all previus bservatins (except fr the first 2 years in which a fixed cupn f 1% and 1.5% is paid). Aggregate amunt: 13,130 EUR APR n initial investment 3.07% N cupn has been paid n any previus bservatin (except fr the first 2 years in which a fixed cupn f 1% and 1.5% is paid. Frm Year 3, if the basket s perfrmance is negative, n cupn will be paid). Aggregate amunt: 10,250 EUR APR n initial investment 0.25%

6 Deutsche Bank, Sciedad Anónima Españla, registered ffice: Pase de la Castellana, 18, 28046, Madrid, registered with the Cmpanies Registratin Office fr Madrid, vlume 28100, bk 0, fli 1, sectin 8, sheet M506294, entry N. 2, tax identificatin number: A N O T A F O N D O S S E L E C C I Ó N Main features A Deutsche Bank Nte linked t a selectin f funds Capital is prtected at maturity Payment f annual cupns A fixed time hrizn 2026 Expsure t 5 investment funds frm a range f internatinally renwned management firms Repayment f 100% f the investment at maturity Fixed cupns f 1% and 1.5% in Year 1 and 2, respectively Ptential annual cupn payment = 90% f the prtfli s annualized perfrmance since inceptin The prduct is intended as a 10-year investment Daily liquidity Daily liquidity at market prices Cnsideratins fr investrs Capital is 100% prtected upn maturity f the nte. During the term f the nte, a decline in vlatility r an increase in interest rates r the issuer s credit spread, r a fall in the price f the basket f underlying funds, will have a negative effect n the value f the nte. The nte is issued by Deutsche Bank, which means that the investr purchases senir debt with a structured cmpnent frm that issuer. Therefre, the capital guarantee prvided upn maturity depends n the cntinued slvency f Deutsche Bank AG, which was rated BBB+ by Standard & Pr s fr its senir debt as at 03/11/216 (ratings may vary ver time). Level f Risk and Cmplexity This is a COMPLEX prduct nt suitable fr every investr prfile. Level f cmplexity: 4. Level f risk: On a scale f five risk levels (Very cnservative, Cnservative, Mderate, Dynamic and Aggressive), this prduct has been classified as Mderate.

7 N O T A F O N D O S S E L E C C I Ó N Investrs infrmatin Prduct name Currency Vehicle Nta fnds Selección Prtegid II Eur Nte Offer perid Frm Nvember 7th 2016 t December 20th 2016 Issuer Basket f Underlying Funds Maturity Capital Prtectin Deutsche Bank AG Lndn 20% DWS Cncept DJE Alpha Renten Glbal FC LU % Allianz Strategy 15 Share Class WT (EUR) LU % BlackRck Fixed Incme Strategies Fund D2 EUR LU % JPM Glbal Macr Opprtunities C (acc) EUR LU % Carmignac Prtfli Patrimine F EUR Acc EUR LU years Repayment f 100% f the investment at maturity Operatin Year 1: payment f a fixed cupn f 1%. Year 2: payment f a fixed cupn f 1.50%. Years 3 t 9: payment f a cupn equivalent t 90% f the annual average perfrmance f an equally-weighted basket f funds. Year 10: payment f a cupn equivalent t 90% f the annual average perfrmance f an equally-weighted basket f funds and repayment f the initial investment. Liquidity Daily under nrmal market cnditins Prfiles Cmplexity prfile: 4 // Cmplex prduct: yes // Risk prfile: Mderate Minimum initial investment Fees 1,000 and multiples f 1,000 Custdy fee: 0.15% per year payable quarterly (n fee in the first quarter) Redemptin fee: 0.30% n the effective amunt Dates Initial Observatin: Clsing price f the underlying funds n December 23rd 2016 Final bservatin: Clsing price f the underlying funds n December 23rd 2026 Annual bservatin dates: 15/12/2017, 14/12/2018, 16/12/2019, 16/12/2020, 16/12/2021, 16/12/2022, 15/12/2023, 16/12/2024, 16/12/2025, 16/12/2026. Issue date: December 23rd 2016 LTV 80% Apply fr the Nta Fnds Selección Prtegid II at yur lcal Deutsche Bank r r call fr mre infrmatin. This dcument has been prepared fr infrmatin purpses nly. It des nt cnstitute any recmmendatin r binding ffer t buy r sell the financial prducts mentined. This dcument des nt cnstitute, nr may it be used, as a cmmitment r cntract n the part f Deutsche Bank, Sciedad Anónima Españla, nr des it give rise t any legal bligatin fr such institutin ther than the requirements applicable t the cmmercial and advertising materials issued by it. Where a financial prduct is denminated in a currency ther than the investr's wn, any mvements in freign exchange rates may negatively affect the price r value f the financial prduct r the incme derived frm it. As a result, the investr bears the exchange rate risk in its entirety. T the extent permitted by legislatin, Deutsche Bank, Sciedad Anónima Españla des nt accept any liability fr lsses caused directly r indirectly by the use f the infrmatin cntained in this dcument. Past perfrmance is n reliable indicatin f future returns. The final terms and cnditins were registered in an Issue Prspectus in Germany dated September 2nd 2016 and ntified t the Cmisión Nacinal del Mercad de Valres (CNMV) n September 8th The issue prspectus in English, the simplified prspectus and additinal infrmatin, and the final Terms & Cnditins in Spanish r English are available upn request, free f charge, frm any Deutsche Bank S.A.E. branch. This is a nn-swrn translatin f the general cnditins in Spanish applicable t this prduct. It is prvided fr guidance nly and shall nt under any circumstances, be binding n the Bank. Therefre, the Bank shall nt be held respnsible in any way fr this translatin. In the event f discrepancy, the Spanish versin f the general cnditins will prevail ver the English translatin. This prduct may nt be suitable fr all clients. This circumstance must be assessed by Deutsche Bank thrugh its branch ffices. Deutsche Bank, Sciedad Anónima Españla, registered ffice: Pase de la Castellana, 18, 28046, Madrid, registered with the Cmpanies Registratin Office fr Madrid, vlume 28100, bk 0, fli 1, sectin 8, sheet M506294, entry N. 2, tax identificatin number: A