10/22/14 PowerSharesETNs.com - Products - PowerShares DB U.S. Fixed Income
Exchange Traded Notes


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The PowerShares DB 3x Long 25+ Year Treasury Bond Exchange Traded Notes
(Symbol: LBND) and PowerShares DB 3x Short 25+ Year Treasury Bond Exchange
Traded Notes (Symbol: SBND) (col ectively, the "PowerShares DB U.S. Treasury
ETNs," or the "ETNs") provide at way to take a leveraged view on the
performance of a U.S. Treasury bond futures index.

The PowerShares DB U.S. Treasury ETNs are based on the DB Long U.S. Treasury
Bond Futures Index and the DB Short U.S. Treasury Bond Futures Index, which
measure the performance of a long or short investment in the CBOT Ultra T-Bond
futures.

The DB Long U.S. Treasury Bond Futures Index measures the performance of a long
investment in the CBOT Ultra T-Bond futures and the DB Short U.S. Treasury Bond
Futures Index measures the performance of a short investment in the CBOT Ultra
T-Bond futures. The underlying assets of the Ultra TBond futures are U.S.
Treasury Bonds with at least 25 years remaining term to maturity. The returns
of each ETN are obtained by combining 3x the returns of the relevant index with
the returns of the DB 3-Month T-Bi l  Index, less investor fees. Investors can
buy and sel  the ETNs 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. The issuer has the right to redeem
the ETNs at the repurchase value at any time.

Investors may redeem the ETNs in blocks of no less than 200,000 securities and
multiples of 50,000 securities thereafter, subject to the procedures described
in the pricing supplement. Redemptions may include a fee of up to $0.03 per
security.

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Financial Details

Last Update Price
Indicative Intra-day Value Last End of Day Repurchase Value(1) Last Date for
End of Day Value

PowerSharesDBU.S. Treasury
ETNand IndexData
TickerSymbols
3xLong25+ Year  LBND
TreasuryBond
3xShort25+ Year SBND
TreasuryBond

LBND       SBND       -   -
10/22/2014 10/22/2014 -   -
12:00AMEST 10:03AMEST -   -
49.62      5.84       -   -
49.05      5.81       -   -
49.5972    5.7266     -   -
10/21/2014 10/21/2014 -   -

ETNand IndexHistory(%)
Asof                                ETN
9/30/2014 1Year 3Year 5Year 10Year Inception
ETNRepurchaseValue(1)
3xLong25+
Year     33.72 0.25         - - 13.58
Treasury
Bond

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10/22/14 PowerSharesETNs.com - Products - PowerShares DB U.S. Fixed Income
Exchange Traded Notes

IntradayIndicativeValue
Symbols
3xLong25+ Year          LBNDIV
TreasuryBond
3xShort25+ Year         SBNDIV
TreasuryBond
CUSIPSymbols
3xLong25+ Year       25154N522
TreasuryBond
3xShort25+ Year      25154N530
TreasuryBond
Details
ETNpriceatinception      $25.00
Inceptiondate        6/28/2010
Maturitydate         5/31/2040
Yearlyinvestorfee         0.95%
LeverageReset           Monthly
Frequency
Listingexchange      NYSEArca
DBLongU.S. Treasury     DBBNDL
BondFuturesIndex
DBShortU.S. Treasury   DBBNDS
BondFuturesIndex

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 Credit risk of the issuer Issuer cal  right
Potential lack of liquidity

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3xShort25+
Year         -32.23 -12.34  -   -   -26.52
Treasury
Bond
ETNMarketPrice(2)
3xLong25+
Year         33.79     0.11 -   -   13.55
Treasury
Bond
3xShort25+
Year         -32.58 -12.07  -   -   -26.40
Treasury
Bond
IndexHistory
DBLongU.S.
Treasury     11.29     1.48 -   -    6.22
BondFutures
Index
DBShort
U.S. Treasury -11.16  -2.86 -   -   -7.74
BondFutures
Index
ComparativeIndexes(3)
SandP500       19.73    22.99 -   -   18.70
Index
BarclaysU.S.   3.96    2.43 -   -    3.54
Aggregate

LongIndexWeights
Asof10/20/2014
                 ContractExpiry
Contract                           Weight(%)
                              Date
UltraLongTerm          12/19/2014        100.00
USTBondFuture

ShortIndexWeights
Asof10/20/2014
                  ContractExpiry
Contract                            Weight(%)
                               Date
UltraLongTerm           12/19/2014       -100.00
USTBondFuture

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 i l ustrative purposes only and does not represent
actual PowerShares DB U.S. Treasury ETN performance. The inception date of the
DB Long U.S. Treasury Bond Futures Index and the DB Short U.S. Treasury Bond
Futures Index is May 4, 2010. ETN repurchase value is based on a combination of
three times the monthly returns from the relevant Treasury index plus the
monthly returns from the DB 3-Month T-Bi l  Index (the "T-Bi l  Index"),
resetting monthly as per the formula applied to the ETNs, less the investor
fee. The T-Bi l  Index is intended to approximate the returns from investing in
3-month United States Treasury bi l s on a rol ing basis.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE
RESULTS.

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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 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 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 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) wil  be contingent upon each monthly performance of the
index during the term of the ETNs.
There is no guarantee that you wil  receive at maturity, or upon an earlier
repurchase, your initial investment back or any return on that investment.
Significant adverse monthly performances for your ETNs may not be offset by any
beneficial monthly performances.

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

The ETNs may be sold throughout the day on NYSE Arca through any brokerage
account. There are restrictions on the minimum number of ETNs that you may
repurchase directly from Deutsche Bank AG, London Branch, as specified in the
applicable pricing supplement.

The ETNs provide concentrated exposure to notional positions in U.S. Treasury
bond futures contracts. The market value of the ETNs may be influenced by many
unpredictable factors, including, among other things, changes in supply and
demand relationships, changes in interest rates, and monetary and other
governmental actions.

The ETNs are 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 ETNs involves risks, including

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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

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