| Work Detail |
Deutsche Bank announced today that it has elected to redeem the following DB exchange traded notes (ETNs): DB 3x Long 25+ Year Treasury Bond ETN (ticker: LBND) DB 3x Short 25+ Year Treasury Bond ETN (ticker: SBND) DB 3x German Bund Futures ETN (ticker: BUNT) DB German Bund Futures ETN (ticker: BUNL) DB 3x Japanese Govt Bond Futures ETN (ticker: JGBT) DB Japanese Govt Bond Futures ETN (ticker: JGBL) DB 3x Inverse Japanese Govt Bond Futures ETN (ticker: JGBD) DB Inverse Japanese Govt Bond Futures ETN (ticker: JGBS) As described in the related pricing supplement for each ETN, Deutsche Bank, as Issuer of the ETNs, may redeem the ETNs at its sole discretion on any trading day on or after the inception date until maturity. Deutsche Bank expects to provide notice of redemption via The Depository Trust Company on September 13, 2016. The repurchase value of the ETNs will be determined as of the date notice is given. Payment of the repurchase value of the ETNs will be made on the fifth business day following the date of notice, which is expected to be September 20, 2016. Accordingly, the last trading day for each ETN is expected to be September 19, 2016. Daily repurchases at the option of investors will be accepted in the normal manner up to, and including, September 13, 2016. As previously announced, further issuances of the ETNs were suspended as of January 1, 2016. |
