Several Deutsche Bank exchange-traded-notes to cease trading Thursday

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FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach/File Photo

NEW YORK (Reuters) – A dozen of Deutsche Bank’s exchange-traded notes that provide exposure to oil, metals and other commodities are set to stop trading on Thursday, according to a recent filing by the bank.

Exchange-traded notes, including the DB FI Enhanced Global High Yield ETN, the DB Crude Oil Long ETN and the Elements Dogs of the DOW Dow Jones High Yield Select 10 Total Return ETN, will be delisted at the close of trading on Thursday, according to an April 2 filing with the U.S. Securities and Exchange Commission.

ETNs are issued by a bank and are similar to exchange-traded funds in that they trade on stock exchanges and track benchmark indexes. But they differ from ETFs in that they are debt instruments with a set maturity date and expose investors to the issuer’s credit risk.

The Deutsche Bank ETNs being delisted are relatively small, with assets under management ranging from hundreds of thousands of dollars to a few million dollars, with most set to mature in 2038.

When ETNs stop trading


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