![]() | PowerSharesETNs.c- About ETN Page1 of2 Filed pursuant to Rule 433 Registration Statement No. 333-162195 Dated March 3, 2010 What are exchange traded notes (ETNs)? An ETN is an unsecured debt security that is linked to the performance of an index. How are ETNs bought and sold? Investors can buy ETNs at market prices on an exchange. They can then sell the ETNs on the exchange, hold them until maturity and receive a cash payment or redeem them early and receive a cash payment. Payments are based on index performance minus investor fees. What are PowerShares DB ETNs? PowerShares DB ETNs are unsecured debt obligations issued by Deutsche Bank AG, London Branch, and are based on variations of the Deutsche Bank Liquid Commodity Index. PowerShares DB ETNs provide investors with a cost-effective and convenient way to take a long, short or leveraged view on the performance of some of the most prominent commodities in the world. What is the Deutsche Bank Liquid Commodity Index? The Deutsche Bank Liquid Commodity Index invests in futures contracts on six of the most heavily traded and important physical commodities in the world - crude oil, heating oil, gold, aluminum, corn and wheat. There are several variations of this index that track specific commodity sectors, such as agriculture and single commodities, such as gold. What PowerShares DB ETNs are available? There are 18 long and short ETNs that track a broad-based commodity index, commodity sectors and single commodities. PowerShares DB Gold Double Short ETN (NYSE Arca: DZZ) PowerShares DB Gold Double Long ETN (NYSE Arca: DGP) PowerShares DB Gold Short ETN (NYSE Arca: DGZ) PowerShares DB Agriculture Double Short ETN (NYSE Arca: AGA) PowerShares DB Agriculture Double Long ETN (NYSE Arca: DAG) PowerShares DB Agriculture Short ETN (NYSE Arca: ADZ) PowerShares DB Agriculture Long ETN (NYSE Arca: AGF) PowerShares DB Commodity Double Short ETN (NYSE Arca: DEE) PowerShares DB Commodity Double Long ETN (NYSE Arca: DYY) PowerShares DB Commodity Short ETN (NYSE Arca: DDP) PowerShares DB Commodity Long ETN (NYSE Arca: DPU) PowerShares DB Crude Oil Long ETN (NYSE Arca: OLO) PowerShares DB Crude Oil Short ETN (NYSE Arca: SZO) PowerShares DB Crude Oil Double Short ETN (NYSE Arca: DTO) PowerShares DB Base Metals Double Long ETN (NYSE Arca: BDD) PowerShares DB Base Metals Long ETN (NYSE Arca: BDG) PowerShares DB Base Metals Short ETN (NYSE Arca: BOS) PowerShares DB Base Metals Double Short ETN (NYSE Arca: BOM) Do PowerShares DB ETNs earn interest? No. The ETNs do not pay interest. However, the ETNs are based on indexes that are made up of futures contacts and 3-month T-bills. The value of the bills is increased by the 3-month T-bill component of the indexes. http://beta.powersharesetns.com/portal/site/etns/about/ 3/3/2010 |
![]() | PowerSharesETNs.c- About ETN Page2 of2 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 dbfunds.db.com or EDGAR on the SEC website at www.sec.gov. Alternatively, you may request a prospectus by calling 800.983.0903, or you may request a copy from any dealer participating in this offering. The PowerShares DB ETNs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking monthly leveraged investment results and intend to actively monitor and manage their investments. 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. Certain marketing services may be provided for these products by Invesco Aim Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Neither firm 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. An investor should consider the Securities' investment objective, risks, charges and expenses carefully before investing. http://beta.powersharesetns.com/portal/site/etns/about/ 3/3/2010 |