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Deutsche Bank to redeem six PowerShares exchange-traded notes
New York, Feb. 13 – Deutsche Bank said it will redeem six exchange-traded notes from the PowerShares DB series on Feb. 25.
The securities affected are the PowerShares DB 3x Italian Treasury Bond Futures ETN (ticker: ITLT), PowerShares DB Italian Treasury Bond Futures ETN (ticker: ITLY), PowerShares DB US Inflation ETN (ticker: INFL), PowerShares DB US Deflation ETN (ticker: DEFL), PowerShares DB 3x Long US Dollar Index Futures ETN (ticker: UUPT) and PowerShares DB 3x Short US Dollar Index Futures ETN (ticker: UDNT).
The last trading day will be Feb. 24.
Under the terms of the notes, Deutsche can redeem them at any time.
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