Deutsche Bank reduces redemption size of 18 ETNs for one day per month

By Angela McDaniels

Tacoma, Wash., March 15 – Deutsche Bank AG, London Branch will reduce the redemption unit size of 18 of its commodity-based exchange-traded notes on one day of each month, according to a bank news release.

The redemption unit size will be reduced to 100 ETNs, or integral multiples of 100 ETNs in excess thereof, on the 15th calendar day of each month or, if that 15th calendar day is not a trading day, the trading day immediately following it.

The redemption unit size for the rest of each month will remain the same as that listed in the related pricing supplement.

This change became effective after the close of trading on Tuesday.

The following ETNs are affected:

• DB Agriculture Double Short ETNs (Symbol: AGA);

• DB Agriculture Double Long ETNs (Symbol: DAG);

• DB Agriculture Short ETNs (Symbol: ADZ);

• DB Agriculture Long ETNs (Symbol: AGF);

• DB Base Metals Double Short ETNs (Symbol: BOM);

• DB Base Metals Double Long ETNs (Symbol: BDD);

• DB Base Metals Short ETNs (Symbol: BOS);

• DB Base Metals Long ETNs (Symbol: BDG);

• DB Commodity Double Short ETNs (Symbol: DEE);

• DB Commodity Double Long ETNs (Symbol: DYY);

• DB Commodity Short ETNs (Symbol: DDP);

• DB Commodity Long ETNs (Symbol: DPU);

• DB Crude Oil Double Short ETNs (Symbol: DTO);

• DB Crude Oil Short ETNs (Symbol: SZO);

• DB Crude Oil Long ETNs (Symbol: OLO);

• DB Gold Double Short ETNs (Symbol: DZZ);

• DB Gold Double Long ETNs (Symbol: DGP); and

• DB Gold Short ETNs (Symbol: DGZ).

As of Jan. 1, further issuances of the ETNs were suspended.

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