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 | NYSE Arca:AGA | ||||
PowerShares DB Agriculture Double Long ETN | NYSE Arca:DAG | ||||
PowerShares DB Agriculture Short ETN | NYSE Arca:ADZ | ||||
PowerShares DB Agriculture Long ETN | NYSE Arca:AGF | ||||
PowerShares DB Commodity Double Short ETN | NYSE Arca:DEE | ||||
PowerShares DB Commodity Double Long ETN | NYSE Arca:DYY | ||||
PowerShares DB Commodity Short ETN | NYSE Arca:DDP | ||||
PowerShares DB Commodity Long ETN | NYSE Arca:DPU | ||||
PowerShares DB Base Metals Double Short ETN | NYSE Arca:BOM | ||||
PowerShares DB Base Metals Double Long ETN | NYSE Arca:BDD | ||||
PowerShares DB Base Metals Short ETN | NYSE Arca:BOS | ||||
PowerShares DB Base Metals Long ETN | NYSE Arca:BDG | ||||
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 .