Past performance: The past performance of securities, indexes or other instruments referred to herein does not guarantee or predict future performance. Taking into account historical events the backtesting of performance also differs from actual account performance because an actual investment strategy may be adjusted any time, for any reason, including a response to material, economic or market factors. Accordingly, the results shown during the retrospective periods do not reflect actual returns. Issuer Free Writing Prospectus. The distribution of this document and availability of these products and services in certain jurisdictions may be restricted by law. The performance of any investment product based on the DB Liquid Alpha Index would have been lower than the performance of the Index as a result of fees or costs.
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