These expire July 15th, 2020.
If expiry is reached without a pandemic they pay out 7% a year for time held. If pandemic happens they expire worthless. I guarantee $DB is leveraged to the tits with their $44T in derivative exposure like a bunch of fucking retards thinking they Hoodwinked a ton of third world countries. So I guess we have a singular binary event with an expiry date determining the collapse of db and the rest of the world with it in a Cascade of defaults. Was this crash destined for us?
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.