The PowerShares DB 3x Long US Dollar Index Futures Exchange Traded Notes (UUPT)
and PowerShares DB 3x Short US Dollar Index Futures Exchange Traded Notes
(UDNT) (collectively, the "PowerShares DB US Dollar Futures ETNs," or the
"ETNs") provide investors with leveraged exposure (a bullish or bearish
position) to a U.S. dollar futures index.

The PowerShares DB US Dollar Futures ETNs are based on the Deutsche Bank Long
U.S. Dollar Index[R] (USDX) Futures Index -- Excess Return[] (the "USDX Futures
Index"), which is intended to measure the performance of a long investment in
US Dollar Index Futures, as described below.

The ETNs are senior unsecured obligations issued by Deutsche Bank AG, London
Branch that are linked to the month-over-month performance of an underlying
index (the "Index") obtained by combining three times the returns for the 3x
Long US Dollar Index Futures ETNs, or three times the inverse returns for the
3x Short US Dollar Index Futures ETNs, whether positive or negative, on the
Deutsche Bank Long U.S. Dollar Index[R] (USDX) Futures Index -- Excess
Return[], with returns on the DB 3-Month T-Bill Index, less the investor fees.

The DB Long U.S. Dollar Index[R] (USDX) Futures Index seeks to measure the
performance of a long position in the US Dollar Index Futures. The underlying
assets of the US Dollar Index Futures are futures contracts traded on the ICE
Futures U.S., Inc. whose underlying asset is the USDX[R], which measures the
performance of the U.S. dollar against a weighted basket of six major world
currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish
Krona and Swiss Franc (the "Index Currencies"). The price of US Dollar Index
Futures are set by the market and reflect the foreign exchange futures prices
for the underlying Index Currencies which in turn depend on the current
exchange rates for the Index Currencies and the interest rate differential
between the U.S. dollar and the underlying Index Currencies. As such, increases
in the USDX Futures Index generally reflect a strengthening of the U.S. dollar
compared to the Index Currencies and declines generally reflect a weakening of
the U.S. dollar compared to the Index Currencies.

Investors can buy and sell the ETNs 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. 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.


Financial Details
                                    UUPT        UDNT        -   -
Last Update                         7/15/2014   7/15/2014   -   -
                                    4:00 PM EST 4:00 PM EST -   -
Price                               19.35       16.51       -   -
Indicative Intra-day Value          19.14       17.22       -   -
Last End of Day Repurchase Value(1) 18.988      17.3642     -   -
Last Date for End of Day Value      7/14/2014   7/14/2014   -   -

PowerShares DB US Dollar Futures
ETN and Index Data
Ticker Symbols
3x Long US Dollar Index        UUPT
Futures
3x Short US Dollar Index
                               UDNT
Futures
Intraday Indicative Value Symbols
3x Long US Dollar Index      UUPTIV
Futures
3x Short US Dollar Index
                             UDNTIV
Futures
CUSIP Symbols
3x Long US Dollar Index   25154P873
Futures
3x Short US Dollar Index
Futures                   25154P881
Details
ETN price at inception        $20.00
Inception date            5/23/2011
Maturity date             6/30/2031
Yearly investor fee           0.95%
Leverage Reset
                             Monthly
Frequency
Listing exchange          NYSE Arca
DB Long U.S. Dollar Index
Futures Index               USDUPX

Issuer
Deutsche Bank AG, London Branch
Long-term Unsecured Obligations
Risks
   Non-principal protected
   Leveraged losses
   Subject to an investor fee
   Limitations on redemption
   Concentrated exposure
   Credit risk of the issuer
   Issuer call right
   Potential lack of liquidity
Benefits
   Leveraged long and short notes
   Relatively low cost
   Intraday access
   Exchange traded

ETN and Index History(%)
                                            ETN
As of 6/30/2014     1 Year 3 Year 5 Year 10 Year Inception
ETN Repurchase Value(1)
3x Long US Dollar   -15.42  0.47      - -   -1.87
Index Futures
3x Short US Dollar
Index Futures       13.87  -6.47      - -   -4.21
ETN Market Price(2)
3x Long US Dollar    -4.90  2.33      - -   -0.07
Index Futures
3x Short US Dollar
                    22.89  -6.74      - -   -4.55
Index Futures
Index History
USDX Futures Index   -4.93  0.92  -1.67 -   0.13
Comparative Indexes(3)
SandP 500 Index       24.61  16.58 18.83  -   16.20
Barclays U.S.         4.37  3.66   4.85 -   3.56
Aggregate
------------------- ------ ----- ------ --- --------------
USDX Futures Index Weights
As of 7/14/2014
                        Contract Expiry
Contract                                Weight (%)
                                 Date
USD                         9/15/2014       100.00

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 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. ETN repurchase value is based on a combination of three times the
monthly returns for the 3x Long US Dollar Index Futures ETNs, or three times
the inverse monthly returns for the 3x Short US Dollar Index Futures ETNs, from
the USDX Futures Index plus the monthly returns from the DB 3-Month T-Bill
Index (the "TBill Index"), resetting monthly as per the formula applied to the
ETNs, less the investor fee. The TBill Index is intended to approximate the
returns from investing in 3-month United States Treasury bills on a rolling
basis.

Index history is for illustrative purposes only and does not represent actual
PowerShares DB US Dollar Futures ETN performance. The inception date of the
USDX Futures Index is Nov. 22, 2006.

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 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. The index is unmanaged, and you cannot invest
directly in the index.

Important Risk Considerations
Each security offers investors exposure to the month-over-month performance of
its respective Index measured from the first calendar day to the last calendar
day of each month and the amount you receive at maturity (or upon an earlier
repurchase) will be contingent upon each monthly performance of the respective
Index during the term of the ETNs. The PowerShares DB US Dollar Futures 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 leveraged or inverse 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 of the ETNs is reset each month, resulting in the
compounding of monthly returns. The principal amount of the ETNs is also
subject to the monthly application of the investor fee, which adversely affects
returns. 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 ETNs may not be
offset by any beneficial monthly performances.

The ETNs are senior unsecured obligations of Deutsche Bank AG, London Branch,
and any payment to be made 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, full principal at risk, trade price
fluctuations, illiquidity and leveraged losses. The investor fee will 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 repurchase
value of the ETNs is zero, your Investment will expire worthless. As described
in the pricing supplement, Deutsche Bank may redeem the ETNs for an amount in
cash equal to the repurchase value.

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
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 ETNs.
Sales in the secondary market may result in losses.

The ETNs provide concentrated exposure to notional positions in U.S. Dollar
Index 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 the loss of some or all of
the principal amount. 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

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
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.

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.

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.

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.