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5-Year Capital Protected Notes linked to DB-GSAM Hedge Fund
Summary Terms:
- Product 5-Year Capital Protected Notes linked to DB-GSAM Hedge Fund
- Minimum Investment Amount : USD 10,000 minimum, with multiples of USD 5,000 there after.
- Nominal Amount : USD 5,000 per Note
- Investment Period : 5 years
- Underlying Index : The DB-GSAM ALPS 9% Max USD Total Return Net Index (which tracks the performance of a ‘B’ class fund share in the Goldman Sachs Alpha Limited Partners Strategies, Ltd. (the “GSAM ALPS Fund”))
- Underlying Fund : The GSAM ALPS Fund is a fund of hedge funds incorporated in the Cayman Islands and managed by Goldman Sachs Hedge Fund Strategies LLC ”HFS”)
- Redemption at Maturity : 100% of the Nominal Amount plus 80% of the positive performance of the GSAM ALPS 9% Max USD Total Return Net Index
- Capital Protection : 100% capital protection from Deutsche Bank AG, London branch, if Notes are held until maturity (5 years); achieved through a Sharia-compliant mechanism
- Business Day : Working day in London, UK; New York, USA; and Dubai, UAE
- Issuer : Deutsche Bank AG, London branch
- Sole Distributor : Dubai Islamic Bank (DIB)
- Data Administrator : Ryland Gray
- Sharia Advisor : Dubai Islamic Bank Sharia Board
Key Features and Objectives:
- Sharia-compliant Structured Notes that are linked to the performance of the GSAM Hedge Fund.
- A unique partnership between Goldman Sachs Asset Management (GSAM) and Deutsche Bank.
- The DB-GSAM 9% Max USD Total Return Net Index represents the total performance of the B fund share class of the Goldman Sachs Alpha Limited Partners Strategies, Ltd. (the “GSAM ALPS Fund”), a hedge fund incorporated in the Cayman Islands managed by Goldman Sachs Hedge Fund Strategies LLC (“HFS”).
- Global Tactical Asset Allocation (GTAA): Systematic Global Macro Fund (20%), GTAA is a systematic Global Macro investment strategy that seeks to add value by actively managing exposure to global stocks, bonds and currencies.
- External Alpha (HFS): Diversified basket of single Alpha strategies (80%).
- The process is rigorous and quantitative.
- The GSAM ALPS Fund intends to target annual volatility on a trailing 18-month historical basis of less than 9%.
- Goldman Sachs is the second largest hedge fund manager in the world with a USD 32.5 billion portfolio of assets under management.
Indicative NAV: