Deutsche Asset & Wealth Management today announced that it will reduce
the redemption unit size on twelve of its commodity-based Exchange
Traded Notes (ETNs). The redemption unit size will change from 200,000
ETNs to 5,000 ETNs. This change will be effective after the close of
trading March 7, 2014.
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 and the liquidity of the ETNs. It is
possible that the change described above may materially influence the
liquidity and market value of the ETNs.
Investors considering any purchase or sale of the ETNs should be aware
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, and be
aware of the risks of buying at a premium or selling at a discount to
the indicative value.
The following ETNs will be affected:
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PowerShares DB Agriculture Double Short ETN
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NYSE Arca:AGA
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PowerShares DB Agriculture Double Long ETN
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NYSE Arca:DAG
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PowerShares DB Agriculture Short ETN
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NYSE Arca:ADZ
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PowerShares DB Agriculture Long ETN
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NYSE Arca:AGF
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PowerShares DB Commodity Double Short ETN
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NYSE Arca:DEE
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PowerShares DB Commodity Double Long ETN
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NYSE Arca:DYY
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PowerShares DB Commodity Short ETN
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NYSE Arca:DDP
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PowerShares DB Commodity Long ETN
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NYSE Arca:DPU
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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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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.
Deutsche Asset & Wealth Management
With $1.28 trillion of assets under management (as of December 31,
2013), Deutsche Asset & Wealth Management¹ is one of the world's leading
investment organizations. Deutsche Asset & Wealth Management offers
individuals and institutions traditional and alternative investments
across all major asset classes. It also provides tailored wealth
management solutions and private banking services to high-net-worth
individuals and family offices.
¹ Deutsche Asset & Wealth Management is the brand name of the Asset &
Wealth Management division of the Deutsche Bank Group. The legal
entities offering products or services under the Deutsche Asset & Wealth
Management brand are listed in contracts, sales materials and other
product information documents.
Copyright Business Wire 2014