Termsheet Express Certificate on Euro Stoxx 50 Index with 60 ...
Termsheet Express Certificate on Euro Stoxx 50 Index with 60 ...
Termsheet Express Certificate on Euro Stoxx 50 Index with 60 ...
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<str<strong>on</strong>g>Termsheet</str<strong>on</strong>g><br />
<str<strong>on</strong>g>Express</str<strong>on</strong>g> <str<strong>on</strong>g>Certificate</str<strong>on</strong>g> <strong>on</strong> <strong>Euro</strong> <strong>Stoxx</strong> <strong>50</strong> <strong>Index</strong><br />
<strong>with</strong> <strong>60</strong>% Barrier<br />
3<br />
Symbol<br />
Tax Treatment<br />
DBEEC<br />
No Swiss <strong>with</strong>holding tax <strong>on</strong> interest and premium payments. No Swiss federal<br />
stamp duty at issuance (primary market). Swiss federal stamp duty <strong>on</strong> sec<strong>on</strong>dary<br />
market transacti<strong>on</strong>s. This <str<strong>on</strong>g>Certificate</str<strong>on</strong>g> is classified as transparent and IUP (Interest<br />
Unique Predominant).<br />
For private investors resident in Switzerland the increase of the value of the b<strong>on</strong>d<br />
part when sold before maturity, called by the Issuer before maturity or redeemed at<br />
maturity (calculated according to the so-called "Modifizierte Differenzbesteuerung")<br />
are subject to the Swiss federal direct tax. The b<strong>on</strong>dfloor at issue is 87.42%<br />
(indicative, Reference Swap 2.725%) per denominati<strong>on</strong>. However, any gain derived<br />
from the opti<strong>on</strong> is c<strong>on</strong>sidered as capital gain and therefore for such taxpayers in<br />
principle not subject to the Swiss federal direct tax.<br />
For Swiss paying agents, this product is out of scope (TK7). The interest payment is<br />
subject to the EU tax retenti<strong>on</strong>.<br />
The tax situati<strong>on</strong> or the practice of the tax authorities may change during the<br />
lifetime of the product at any time. For further informati<strong>on</strong> <strong>on</strong> the tax treatment and<br />
tax implicati<strong>on</strong>s investors should c<strong>on</strong>sult their tax advisors. Deutsche Bank AG,<br />
Frankfurt expressly excludes all liabilities in respect to any tax implicati<strong>on</strong>s.