Deutsche Asset & Wealth Management Reduces Redemption Size Of Twelve ETNs
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:
|PowerShares DB Agriculture Double Short ETN||
|PowerShares DB Agriculture Double Long ETN||
|PowerShares DB Agriculture Short ETN||
|PowerShares DB Agriculture Long ETN||
|PowerShares DB Commodity Double Short ETN||
|PowerShares DB Commodity Double Long ETN||
|PowerShares DB Commodity Short ETN||
|PowerShares DB Commodity Long ETN||
|PowerShares DB Base Metals Double Short ETN||
|PowerShares DB Base Metals Double Long ETN||
|PowerShares DB Base Metals Short ETN||
|PowerShares DB Base Metals Long ETN||
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