Deutsche Bank to Temporarily Suspend New Issuances of Twenty-Six Exchange Traded Notes
Deutsche Bank today announced that due to the postponement of the
publication of its 2012 Annual Report and Form 20-F, it will temporarily
suspend further issuances of twenty-six Exchange Traded Notes (the
“ETNs”), effective after the close of trading on March 29, 2013.
Deutsche Bank expects to resume issuances of these ETNs following the
publication of its 2012 Annual Report and Form 20-F in mid-April 2013.
The ETN holders‘ option to require Deutsche Bank to repurchase the ETNs
will not be affected by this suspension. However, Deutsche Bank will not
be issuing new ETNs to the market and will announce to investors its
resumption of new ETN issuances in due course.
As disclosed in the pricing supplements relating to the ETNs, the market
value of ETNs may be influenced by, among other things, the levels of
supply and demand for the ETNs. It is possible that the temporary
suspension, as described above, may materially influence the market
value and the liquidity of the ETNs. The limitations on issuance and
sale implemented may cause an imbalance of supply and demand in the
secondary market for the ETNs, which may cause the ETNs to trade at a
premium or discount in relation to their intraday indicative value.
Investors considering any purchase of the ETNs should be aware of the
fact that the trading price of the ETNs on the exchange could be
significantly different from their intraday indicative value, which is
meant to approximate the intrinsic economic value of the ETNs. Paying a
premium purchase price over the intraday indicative value of the ETNs
could lead to significant losses.
The following ETNs will be affected:
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PowerShares DB Base Metals Double Short ETN
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(NYSE Arca: BOM)
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PowerShares DB Base Metals Double Long ETN
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(NYSE Arca: BDD)
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PowerShares DB Base Metals Short ETN
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(NYSE Arca: BOS)
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PowerShares DB Base Metals Long ETN
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(NYSE Arca: BDG)
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PowerShares DB Crude Oil Double Short ETN
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(NYSE Arca: DTO, TSX: DOE)
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PowerShares DB Crude Oil Short ETN
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(NYSE Arca: SZO)
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PowerShares DB Crude Oil Long ETN
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(NYSE Arca: OLO)
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PowerShares DB Gold Double Short ETN
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(NYSE Arca: DZZ, TSX: DGJ)
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PowerShares DB Gold Double Long ETN
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(NYSE Arca: DGP,TSX: DGU)
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PowerShares DB Gold Short ETN
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(NYSE Arca: DGZ)
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PowerShares DB US Inflation ETN
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(NYSE Arca: INFL)
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PowerShares DB US Deflation ETN
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(NYSE Arca: DEFL)
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PowerShares DB 3x Short 25+ Year Treasury Bond ETN
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(NYSE Arca: SBND)
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PowerShares DB 3x Long 25+ Year Treasury Bond ETN
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(NYSE Arca: LBND)
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PowerShares DB 3x Short US Dollar Index Futures ETN
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(NYSE Arca: UDNT)
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PowerShares DB 3x Long US Dollar Index Futures ETN
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(NYSE Arca: UUPT)
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PowerShares DB 3x Italian Treasury Bond Futures ETN
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(NYSE Arca: ITLT)
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PowerShares DB Italian Treasury Bond Futures ETN
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(NYSE Arca: ITLY)
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PowerShares DB 3x German Bund Futures ETN
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(NYSE Arca: BUNT)
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PowerShares DB German Bund Futures ETN
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(NYSE Arca: BUNL)
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PowerShares DB 3x Japanese Govt Bond Futures ETN
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(NYSE Arca: JGBT)
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PowerShares DB Japanese Govt Bond Futures ETN
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(NYSE Arca: JGBL)
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PowerShares DB 3x Inverse Japanese Govt Bond Futures ETN
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(NYSE Arca: JGBD)
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PowerShares DB Inverse Japanese Govt Bond Futures ETN
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(NYSE Arca: JGBS)
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ELEMENTSSM — “Dogs of the Dow” Linked to the Dow Jones
High Yield Select 10 Total Return IndexSM |
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(NYSE Arca: DOD)
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ELEMENTSSM Linked to the Morningstar® Wide
Moat Focus Total Return IndexSM |
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(NYSE Arca: WMW)
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Deutsche Bank AG has filed a registration statement (including a
prospectus, prospectus supplement and pricing supplement) with the
Securities and Exchange Commission, or SEC, for the offering to which
this free writing prospectus relates. Before you invest, you should read
the prospectus, prospectus supplement and pricing supplement in that
registration statement and other documents that Deutsche Bank AG has
filed with the SEC for more complete information about Deutsche Bank AG
and this offering. You may obtain these documents without cost by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
Deutsche Bank AG, any agent or any dealer participating in these
offerings will arrange to send you the prospectus, prospectus supplement
and pricing supplement if you so request by calling toll-free
1-877-369-4617. This does not constitute a solicitation of a purchase of
a security except in accordance with applicable law.
