PowerShares DB Commodity
 Double Long ETN

PowerShares DB Commodity
Short ETN

PowerShares DB Commodity
Long ETN

PowerShares DB Commodity
Double Short ETN

ETN and Index Data as of September 30, 2014

Description
The PowerShares DB Commodity Double Long Exchange Traded Note (Symbol: DYY),
PowerShares DB Commodity Long Exchange Traded Note (Symbol: DPU), PowerShares
DB Commodity Short Exchange Traded Note (Symbol: DDP) and PowerShares DB
Commodity Double Short Exchange Traded Note (Symbol: DEE) (collectively, the
"PowerShares DB Commodity ETNs") provide investors a way to take a short or
leveraged view on the performance of a broad-based commodity index.

All of the PowerShares DB Commodity ETNs are based on a total return version of
the Deutsche Bank Liquid Commodity Index[]. The Long and Double Long ETNs are
based on the Optimum Yield[] version of the Index. The Short and Double Short
ETNs are based on the standard version of the Index. Each index is intended to
track the long or short performance of the underlying futures contracts
relating to six commodities: wheat, corn, light sweet crude oil, heating oil,
gold and aluminum.




PowerShares DB Commodity ETN and Index Data
Ticker symbols
Commodity Double Long                         DYY
Commodity Long                                DPU
Commodity Short                               DDP
Commodity Double Short                        DEE
Intraday indicative value symbols
Commodity Double Long                       DYYIV
Commodity Long                              DPUIV
Commodity Short                             DDPIV
Commodity Double Short                      DEEIV
CUSIP symbols
Commodity Double Long                   25154H475
Commodity Long                          25154H459
Commodity Short                         25154H467
Commodity Double Short                  25154H483
Details
ETN price at initial listing               $25.00
Inception date                            4/28/08
Maturity date                              4/1/38
Yearly investor fee                         0.75%
Leveraged reset frequency                 Monthly
Listing exchange                        NYSE Arca
Standard DB Commodity Index symbol       DBLCMACL
OY[] DB Commodity Index symbol           DBLCOYER


Issuer
Deutsche Bank AG, London Branch
Long-term Unsecured Obligations

Deutsche Bank announced on February 9, 2012 the suspension of any further
issuance of the PowerShares DB Commodity ETNs. The DB PowerShares Commodity
ETNs will continue to be listed and traded on NYSE Arca. Separately, Deutsche
Bank announced that, effective after the close of trading on February 16, 2012,
there would be a change in the underlying index to the PowerShares DB Commodity
Double Long Exchange Traded Note and the PowerShares DB Commodity Long Exchange
Traded Note. Please see the press release filed by Deutsche Bank with the SEC
on February 9, 2012 for additional information.




ETN and Index History (%)
                                     1 Year            3 Year
ETN Repurchase Value(1)
Commodity Double Long                -19.49             -7.25
Commodity Long                        -9.98             -3.11
Commodity Short                       12.23              0.47
Commodity Double Short                25.34             -0.45
ETN Market Price(2)
Commodity Double Long                -16.25             -6.55
Commodity Long                         8.22             -1.56
Commodity Short                       36.04              0.17
Commodity Double Short                47.65              0.39
Index History
Deutsche Bank Liquid Commodity
  Index -- Optimum Yield              -9.34             -2.42
Deutsche Bank Liquid Commodity Index -12.63             -3.22
Comparative Indexes(3)
SSandP 500 Index                      19.73             22.99
Barclays U.S. Aggregate                3.96              2.43





5 Year      10 Year      ETN Inception
 -1.64           --            -18.78
  0.41           --             -7.60
 -4.19           --              4.92
-10.34           --              5.72
 -1.27           --            -18.59
  0.98           --             -7.14
 -3.91           --              5.16
 -9.92           --              6.10
  1.10           --             -7.09
  0.50           --             -9.88
 15.70           --              7.95
  4.12           --              4.66


Source: Invesco PowerShares, Bloomberg L.P.
(1)      ETN repurchase value performance figures reflect repurchase value,
which would require investors to have a minimum number of shares (found in
pricing supplement and the following page). Repurchase value is the current
principal amount x applicable index factor x fee factor. See the prospectus for
more complete information. Investors holding less than the minimum number of
shares required to effect a repurchase would have to sell their shares at
prevailing market prices, which may be at a discount to the repurchase value.
See "ETN Market Price" in this table. Index history is for illustrative
purposes only and does not represent actual PowerShares DB Commodity ETN
performance. The inception date of the Deutsche Bank Liquid Commodity Index
(DBLCI) is Jan. 12, 2004. The inception date of the Index's Optimum Yield
version is May 24, 2006. ETN repurchase value is based on a combination of the
monthly returns or inverse monthly returns for the Commodity Long ETNs and
Commodity Short ETNs, respectively, or two times the monthly returns or inverse
monthly returns for the Commodity Double Long ETNs and Commodity Double Short
ETNs, respectively, from the relevant commodity index plus the monthly returns
from the DB 3-Month T-Bill Index (the "T-Bill Index"), resetting monthly as per
the formula applied to the PowerShares DB Commodity ETNs, less the investor
fee. The Long and Double Long ETNs are based on the Deutsche Bank Liquid
Commodity Index -- Optimum Yield[], and the Short and Double Short Commodity
ETNs are based on the standard version of the Deutsche Bank Liquid Commodity
Index (the "Commodity Indexes"). The T-Bill Index is intended to approximate
the returns from investing in 3-month United States Treasury bills on a rolling
basis.
(2)      ETN market price performance is calculated using the change in the
bid/ask midpoint at 4 p.m. ET expressed as a percentage change from the
beginning to the end of the specified time period.
Index performance does not reflect any transaction costs or expenses. Indexes
are unmanaged, and you cannot invest directly in an index.
(3)      The SandP 500([R]) Index is an unmanaged index used as a measurement of
change in stock market conditions based on the performance of a specified group
of common stocks. The Barclays U.S. Aggregate Bond Index(TM) is an unmanaged
index considered representative of the US investment-grade, fixed-rate bond
market.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

800 983 0903 | 877 369 4617[] powersharesetns.com | www.dbxus.com[] twitter:
@PowerShares

PowerShares DB Commodity
 Double Long ETN

PowerShares DB Commodity
Short ETN

PowerShares DB Commodity
Long ETN

PowerShares DB Commodity
Double Short ETN

What are the PowerShares DB Commodity ETNs?
The PowerShares DB Commodity ETNs are senior unsecured obligations issued by
Deutsche Bank AG, London Branch that are each linked to a total return version
of a Deutsche Bank commodity index. The Long and Double Long ETNs are linked to
the Deutsche Bank Liquid Commodity Index -- Optimum Yield[], and the Short and
Double Short ETNs are linked to the standard version of the Deutsche Bank
Liquid Commodity Index. Both indexes are designed to reflect the performance of
certain commodity futures contracts on crude oil, heating oil, corn, wheat,
gold and aluminum.

Investors can buy and sell the PowerShares DB Commodity ETNs at market price on
the NYSE Arca exchange or receive a cash payment at the scheduled maturity or
early redemption based on the performance of the index less investor fees.
Investors may redeem the PowerShares DB Commodity ETNs in blocks of no less
than 5,000 securities and integral multiples of 5,000 securities thereafter,
subject to the procedures described in the pricing supplement, which may
include a fee of up to $0.03 per security.

Benefits and Risks of PowerShares DB Commodity ETNs

Benefits
[]      Leveraged and short notes
[]      Relatively low cost
[]      Intraday access
[]      Listed
[]      Transparent


Risks
[]     Non-principal protected
[]     Leveraged losses
[]     Subject to an investor fee
[]     Limitations on repurchase
[]     Concentrated exposure
[]     Credit risk of the issuer
[]     Potential lack of liquidity

Deutsche Bank AG, London Branch has filed a registration statement (including a
prospectus) with the SEC for the offering to which this communication relates.
Before you invest, you should read the prospectus and other documents filed by
Deutsche Bank AG, London Branch for more complete information about the issuer
and this offering. You may get these documents for free by visiting
powersharesetns.com | www.dbxus.com or EDGAR on the SEC website at www.sec.gov.
Alternatively, you may request a prospectus by calling 800 983 0903 | 877 369
4617, or you may request a copy from any dealer participating in this
offering.
Important Risk Considerations:
The PowerShares DB Commodity ETNs may not be suitable for investors seeking an
investment with a term greater than the time remaining to the next monthly
reset date and should be used only by knowledgeable investors who understand
the potential adverse consequences of seeking longer term inverse or leveraged
investment results by means of securities that reset their exposure monthly.
Investing in the ETNs is not equivalent to a direct investment in the index or
index components because the current principal amount (the amount you invested)
is reset each month, resulting in the compounding of monthly returns. The
principal amount is also subject to the investor fee, which can adversely
affect returns. The amount you receive at maturity (or upon an earlier
repurchase) will be contingent upon each monthly performance of the index
during the term of the securities. There is no guarantee that you will receive
at maturity, or upon an earlier repurchase, your initial investment back or any
return on that investment. Significant adverse monthly performances for your
securities may not be offset by any beneficial monthly performances.

The PowerShares DB Commodity ETNs are senior unsecured obligations of Deutsche
Bank AG, London Branch, and the amount due on the PowerShares DB Commodity ETNs
is dependent on Deutsche Bank AG, London Branch's ability to pay. The
PowerShares DB Commodity ETNs are riskier than ordinary unsecured debt
securities and have no principal protection. Risks of investing in the
PowerShares DB Commodity ETNs include limited portfolio diversification, full
principal at risk, trade price fluctuations, illiquidity and leveraged losses.
Investing in the PowerShares DB Commodity ETNs is not equivalent to a direct
investment in the index or index components. The investor fee will reduce the
amount of your return at maturity or upon redemption of your PowerShares DB
Commodity ETNs even if the value of the relevant index has increased. If at any
time the repurchase value of the PowerShares DB Commodity ETNs is zero, your
investment will expire worthless.
The PowerShares DB Commodity ETNs may be sold throughout the day on NYSE Arca
through any brokerage account. There are restrictions on the minimum number of
PowerShares DB Commodity ETNs that you may redeem directly with Deutsche Bank
AG, London Branch, as specified in the applicable pricing supplement. Ordinary
brokerage commissions apply, and there are tax consequences in the event of
sale, redemption or maturity of the PowerShares DB Commodity ETNs. Sales in the
secondary market may result in losses.
The PowerShares DB Commodity ETNs provide concentrated exposure to notional
positions in commodity futures contracts. The market value of the PowerShares
DB Commodity ETNs may be influenced by many unpredictable factors, including,
among other things, volatile prices, changes in supply and demand
relationships, changes in interest rates, and monetary and other

governmental actions.
The PowerShares DB Commodity Double Long ETN and PowerShares DB Commodity
Double Short ETN are both leveraged investments. As such, they are likely to be
more volatile than an unleveraged investment. There is also a greater risk of
loss of principal associated with a leveraged investment than with an
unleveraged investment.
PowerShares([R]) is a registered trademark of Invesco PowerShares Capital
Management LLC. Invesco PowerShares Capital Management LLC is an indirect,
wholly owned subsidiary of Invesco Ltd.
Certain marketing services may be provided for these products by Invesco
Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management
LLC. Invesco Distributors, Inc. will be compensated by Deutsche Bank or its
affiliates for providing these marketing services. Neither Invesco
Distributors, Inc. nor Invesco PowerShares is affiliated with Deutsche Bank.
An investor should consider the PowerShares DB Commodity ETNs' investment
objectives, risks, charges and expenses carefully before investing.
An investment in the PowerShares DB Commodity ETNs involves risks, including
possible loss of principal. For a description of the main risks, see "Risk
Factors" in the applicable pricing supplement and the accompanying prospectus
supplement and prospectus.
Not FDIC Insured -- No Bank Guarantee -- May Lose Value This material must be
accompanied or preceded by a prospectus. Before investing, please read the
prospectus carefully.
Note: Not all products available through all firms or in all jurisdictions.

P-DBCOMM-ETN-PC-1-E[] 10/14