Filed pursuant to Rule 433
Registration Statement No. 333-162195
Dated March 3, 2010

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) (collectively, the "PowerShares DB Base Metals ETNs") provide investors a way to take a long, short or leveraged view on the performance of base metals.

All 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 sell 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 offer 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.

Fact Sheet Prospectus Download Historical Repurchase Value

Financial Details
 BDDBDGBOSBOM
Last Update7/23/2014
4:00 PM EST
7/23/2014
12:00 AM EST
7/23/2014
12:00 AM EST
7/23/2014
4:00 PM EST
Price9.1318.2822.0512.73
Indicative Intra-day Value9.1918.8820.9712.65
Last End of Day Repurchase Value19.250318.947720.886512.5496
Last Date for End of Day Value7/22/20147/22/20147/22/20147/22/2014

PowerShares DB Base Metals ETN & Index Data
Ticker Symbols
Base Metals Double Long BDD
Base Metals Long BDG
Base Metals Short BOS
Base Metals Double Short BOM
Intraday Indicative Value Symbols
Base Metals Double Long BDDIV
Base Metals Long BDGIV
Base Metals Short BOSIV
Base Metals Double Short BOMIV
CUSIP Symbols
Base Metals Double Long 25154K841
Base Metals Long 25154K825
Base Metals Short 25154K833
Base Metals Double Short 25154K858
Details
ETN price at listing $25.00
Inception date 6/16/08
Maturity date 6/1/38
Yearly investor fee 0.75%
Listing exchange NYSE Arca
Index Symbol 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
ETN & Index History(%)
As of 6/30/20141 Year3 Year5 Year10 YearETN Inception
ETN Repurchase Value1
Base Metals Double Long9.34-23.080.46--16.66
Base Metals Long4.75-10.552.42--5.33
Base Metals Short-6.795.94-8.15--2.02
Base Metals Double Short-13.288.90-19.16--9.06
 
ETN Market Price2
Base Metals Double Long9.61-22.840.55--16.77
Base Metals Long21.33-10.572.55--5.30
Base Metals Short15.005.35-8.26--2.07
Base Metals Double Short-11.138.83-19.05--8.83
 
Index History
Deutsche Bank Liquid Commodity Index-Optimum Yield Industrial Metals5.49-9.923.11--4.78
 
Comparative Indexes3
S&P 500 Index24.6116.5818.83-8.74
Barclays U.S. Aggregate4.373.664.85-5.19

Index Weights
As of 7/22/2014
CommodityContract Expiry DateWeight (%)
Aluminium10/15/201433.01
Copper - Grade A10/15/201430.29
Zinc12/17/201436.71

Source: Invesco PowerShares, Bloomberg L.P.
1ETN 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 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 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 bills on a rolling basis.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.
2ETN 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.
3The S&P 500® 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, and you 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 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 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, full 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 of your return at maturity or upon redemption of your 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 all 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