Deutsche Bank to redeem eight ETNs linked to government bonds

By Angela McDaniels

Tacoma, Wash., Sept. 12 – Deutsche Bank AG, London Branch has elected to redeem eight series of exchange-traded notes linked to the performance of government bonds, according to a news release.

The bank will redeem the following ETNs on Sept. 20:

• DB 3x Long 25+ Year Treasury Bond ETNs (symbol: LBND);

• DB 3x Short 25+ Year Treasury Bond ETNs (symbol: SBND);

• DB 3x German Bund Futures ETNs (symbol: BUNT);

• DB German Bund Futures ETNs (symbol: BUNL);

• DB 3x Japanese Govt Bond Futures ETNs (symbol: JGBT);

• DB Japanese Govt Bond Futures ETNs (symbol: JGBL);

• DB 3x Inverse Japanese Govt Bond Futures ETNs (symbol: JGBD); and

• DB Inverse Japanese Govt Bond Futures ETNs (symbol: JGBS).

Under their terms, the ETNs are callable at any time.

The company expects to provide notice of redemption via Depository Trust Co. on Sept. 13. The repurchase value of the ETNs will be determined as of the date notice is given.

The last trading day for each ETN is expected to be Sept. 19.

Daily repurchases at the option of investors will be accepted up to and including Sept. 13.

As previously announced, further issuances of the ETNs were suspended Jan. 1, 2016.

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