The PowerShares DB Base Metals Double Long Exchange Traded Note (Symbol: BDD),
PowerShares DB Base Metals Long Exchange Traded Note (Symbol: BDG), PowerShares
DB Base Metals Short Exchange Traded Note (Symbol: BOS) and PowerShares DB Base
Metals Double Short Exchange Traded Note (Symbol: BOM) (col ectively, the
"PowerShares DB Base Metals ETNs") provide investors a way to take a long,
short or leveraged view on the performance of base metals.

Al  of the PowerShares DB Base Metals ETNs are based on a total return version
of the Deutsche Bank Liquid Commodity Index -- Optimum Yield Industrial
Metals[], which is intended to track the long or short performance of futures
contracts relating to aluminum, copper and zinc.

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


FinancialDetails
                         BDD        BDG        BOS        BOM
LastUpdate               10/22/2014 10/22/2014 10/22/2014 10/22/2014
                         12:00AMEST 9:35AMEST  12:00AMEST 12:00AMEST
Price                    8.25       17.83      22.60      14.13
IndicativeIntra-dayValue 8.37       18.02      21.84      13.72
LastEndofDayRepurchase
Value(1)                 8.2366     17.8836    22.0055    13.9321
LastDateforEndofDayValue 10/21/2014 10/21/2014 10/21/2014 10/21/2014


    PowerSharesDBBaseMetalsETN
    and IndexData
    TickerSymbols
    BaseMetalsDoubleLong      BDD
    BaseMetalsLong            BDG
    BaseMetalsShort           BOS
    BaseMetalsDoubleShort     BOM
    IntradayIndicativeValue
    Symbols
    BaseMetalsDoubleLong    BDDIV
    BaseMetalsLong          BDGIV
beta.powersharesetns.com/portal/site/etns/basemetals


ETNand IndexHistory(%)
                                                ETN
Asof9/30/2014         1Year  3Year  5Year 10Year Inception
ETNRepurchaseValue(1)
BaseMetalsDoubleLong    1.93  -8.21  -6.77 -   -16.05
BaseMetalsLong          1.29  -3.21  -1.49 -   -5.10
BaseMetalsShort        -3.89  -0.83  -4.12 -   -2.08
BaseMetalsDoubleShort  -8.22  -3.74 -11.42 -   -9.01
ETNMarketPrice(2)
BaseMetalsDoubleLong    1.82  -7.97  -6.78 -   -16.26

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BaseMetalsShort        BOSIV
BaseMetalsDoubleShort BOMIV
CUSIPSymbols
BaseMetalsDoubleLong 25154K841
BaseMetalsLong    25154K825
BaseMetalsShort   25154K833
BaseMetalsDoubleShort25154K858
Details
ETNpriceatlisting     $25.00
Inceptiondate        6/16/08
Maturitydate           6/1/38
Yearlyinvestorfee      0.75%
Listingexchange   NYSEArca
IndexSymbol          DBBMIX

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

Risks

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

Benefits

Leveraged and short notes Relatively low cost Intraday access Listed
Transparent

BaseMetalsLong                      18.50 -2.46     -1.48 - -4.89
BaseMetalsShort                     13.43 -0.62     -3.72 - -1.73
BaseMetalsDoubleShort               -4.93 -4.00    -11.26 - -8.66
IndexHistory
DeutscheBankLiquidCommodity          2.00 -2.54     -0.82 - -4.55
Index-Optimum YieldIndustrialMetals
ComparativeIndexes(3)
SandP500Index                         19.73 22.99    15.70  - 8.57
BarclaysU.S. Aggregate               3.96  2.43      4.12 - 5.00
--------------------------- ------------- -------- ------ -------------
IndexWeights
Asof10/21/2014
Commodity                   ContractExpiryDate            Weight(%)
Aluminium                               10/21/2015                33.33
Copper- GradeA                          12/17/2014                30.46
Zinc                                    12/17/2014                36.22

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). 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 ef ect a
repurchase would have to sel  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 ill ustrative purposes only and does not represent
actual PowerShares DB Base Metals ETN performance. The inception date of the
Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals[] is
July 12, 2006. ETN repurchase value is based on a combination of the monthly
returns from the Deutsche Bank Liquid Commodity Index -- Optimum Yield
Industrial Metals Excess Return[] (the "Base Metals 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 Base Metals ETNs, less
the investor fee. The T-Bill  Index is intended to approximate the returns from
investing in 3-month United States Treasury bill s on a rol ing basis.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

(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.

(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[] is an unmanaged index
considered representative of the U.S. investment-grade, fixed-rate bond market.
Index history does not reflect any transaction costs or expenses. Indexes are
unmanaged, andlyou cannot invest directly in an index.

Important Risk Considerations
The PowerShares DB Base Metals ETNs may not be suitable for investors 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

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the current principal amount (the amountlyou 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 amountlyou
receive at maturity (or upon an earlier repurchase) wil  be contingent upon
each monthly performance of the index during the term of the securities.  There
is no guarantee thatlyou wil  receive at maturity, or upon an earlier
repurchase,lyour initial investment back or any return on that investment.
Significant adverse monthly performances forlyour securities may not be offset
by any beneficial monthly performances.

The PowerShares DB Base Metals ETNs are senior unsecured obligations of
Deutsche Bank AG, London Branch, and the amount due on the PowerShares DB Base
Metals ETNs is dependent on Deutsche Bank AG, London Branch's ability to pay.
The PowerShares DB Base Metals ETNs are riskier than ordinary unsecured debt
securities and have no principal protection. Risks of investing in the
PowerShares DB Base Metals ETNs include limited portfolio diversification, ful
principal at risk, trade price fluctuations, illiquidity and leveraged losses.
Investing in the PowerShares DB Base Metals ETNs is not equivalent to a direct
investment in the Index or index components. The investor fee will  reduce the
amount oflyour return at maturity or upon redemption oflyour PowerShares DB
Base Metals ETNs even if the value of the relevant index has increased. If at
any time the redemption value of the PowerShares DB Base Metals ETNs is zero,
your investment will  expire worthless. Deutsche Bank may accelerate the
PowerShares DB Base Metals ETNs upon the occurrence of a regulatory event as
described in the pricing supplement. Ordinary brokerage commissions apply, and
there are tax consequences in the event of sale, redemption or maturity of the
PowerShares DB Base Metals ETNs. Sales in the secondary market may result in
losses. An investment in the PowerShares DB Base Metals ETNs may not be
suitable for al  investors.

The PowerShares DB Base Metals ETNs provide concentrated exposure to notional
positions in aluminum, copper and zinc futures contracts. The market value of
the PowerShares DB Base Metals ETNs may be influenced by many unpredictable
factors, including, among other things, volatile base metal prices, changes in
supply and demand relationships, changes in interest rates, and monetary and
other governmental actions. Because the ETNs provide concentrated exposure to
notional positions in futures contracts of a single commodity sector, they are
speculative and generally will  exhibit higher volatility than commodity
products linked to more than one commodity sector.

The PowerShares DB Base Metals Double Long ETN and PowerShares DB Base Metals
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.

An investment in the PowerShares DB Base Metals ETNs involves risks, including
possible loss of principal. For a description of the main risks, see "Risk
Factors" in the applicable pricing supplement.

Not FDIC Insured -- No Bank Guarantee -- May Lose Value

Deutsche Bank AG, London Branch has filed a registration statement (including a
prospectus) with the SEC for the offering to which this communication relates.
Beforelyou invest,lyou should read the prospectus and other

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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 www.dbxus.com or EDGAR on the SEC website at www.sec.gov.
Alternatively,lyou may request a prospectus by cal ing 800.983.0903 |
877.369.4617, orlyou may request a copy from any dealer participating in this
offering.

Certain marketing services may be provided for these products by Invesco
Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management
LLC. Invesco Distributors, Inc. wil  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.

PowerShares([R]) is a registered trademark of Invesco PowerShares Capital
Management LLC. Invesco PowerShares Capital Management LLC is an indirect, whol
y owned subsidiary of Invesco Ltd.

This material must be accompanied or preceded by a prospectus. Before
investing, please read the prospectus carefully.

An investor should consider the securities' investment objective, risks,
charges and expenses carefully before investing.

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