Every 424B that DEUTSCHE BK AGRI SHT ETN (ADZCF) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow ADZCF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADZCF filings page.
Deutsche Bank AG is offering 6.00% Fixed Rate Callable Eligible Liabilities Senior Notes due March 31, 2046. Each note has a $1,000 Principal Amount, Issue Price of 100.00% and pays 6.00% annual interest, payable each March 31 beginning March 31, 2027.
The notes are callable at 100% of principal on semi‑annual Optional Redemption Dates beginning March 31, 2027, subject to regulatory approval. The notes are unsecured senior non‑preferred obligations under German law and may be subject to Resolution Measures (including write‑down or conversion), which could cause loss of principal or interest.
Deutsche Bank AG is offering Senior Debt Funding Notes, Series E: $1,000,000 aggregate Principal Amount of 5.50% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2051. The notes pay interest annually at 5.50%, are callable semi‑annually beginning March 13, 2028 at 100% (subject to regulatory approval), and settle March 13, 2026.
The pricing supplement discloses offering proceeds to the issuer of $987,000 after underwriter discounts and commissions, book‑entry issuance through DTC, no listing, and material investor risks from applicable Resolution Measures (including possible write‑down or conversion into equity, which may cause loss of principal).
Deutsche Bank AG is offering $1,000,000 of 5.25% Fixed Rate Callable Eligible Liabilities Senior Notes due March 13, 2036. The notes pay interest annually at 5.25%, settle on March 13, 2026, and have a minimum denomination of $150,000.
The issuer may redeem the notes in whole (not in part) at 100% on semi‑annual Optional Redemption Dates beginning March 13, 2027, subject to regulatory approval. The notes are unsecured senior non‑preferred obligations that rank junior to certain other unsubordinated liabilities in insolvency or under Resolution Measures; holders may face write‑down or conversion under applicable resolution regimes. Net proceeds will be used for general corporate purposes. The notes will not be listed and are offered in book‑entry form through DTC.
Deutsche Bank AG is offering $1,000,000 of 4.80% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2034. The notes pay interest annually at 4.80%, are issued at $1,000.00 per note, and were priced on March 11, 2026 with settlement on March 13, 2026.
The issuer may redeem the notes in whole (not in part) on semi‑annual Optional Redemption Dates at 100% of principal, subject to regulatory approval. The notes are unsecured, unsubordinated senior debt, not listed, and may be subject to statutory Resolution Measures including write‑down or conversion under applicable EU/German resolution rules.
Deutsche Bank AG is offering $5,500,000 of 4.40% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2031.
The notes pay interest at 4.40% annually, are issued at $1,000 per note, settle on March 13, 2026 and may be redeemed in whole at 100% on semi‑annual Optional Redemption Dates beginning March 13, 2027, subject to regulatory approval. Purchasers consent to the application of resolution powers (including write‑down or conversion) under applicable EU/German resolution regimes. The offering agent is Deutsche Bank Securities Inc.; net proceeds of the issue to the issuer are $5,459,250.00.
Deutsche Bank AG is offering $13,201,000 of 5.00% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2036. The notes were priced at 100.00% ($1,000 per note) and pay interest annually on March 13, commencing March 13, 2027.
The issuer may redeem the notes in whole (not in part) on semi‑annual Optional Redemption Dates between March 13, 2030 and September 13, 2035 at 100% of principal, subject to regulatory approval and at least five business days’ notice. Net proceeds reported to the issuer are $13,021,882.00 after underwriting discounts and commissions.
The notes are unsecured, unsubordinated obligations that rank pari passu with other unsecured obligations but are subject to applicable Resolution Measure regimes; holders consent to potential write‑downs, conversion or other resolution actions that could result in loss of principal or interest.
Deutsche Bank AG is offering $1,000,000 in 5.50% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2046. The notes pay 5.50% annually, have a $1,000 principal denomination, and were priced at 100.00% with total proceeds of $993,000 after underwriting discounts and commissions.
The issuer may redeem the notes in whole on semi‑annual Optional Redemption Dates at 100% of principal, subject to regulatory approval. Holders are contractually bound to the issuer’s Resolution Measure provisions, which permit write‑down, conversion or other resolution actions that could eliminate or reduce payments on the notes.
Deutsche Bank AG is offering $1,000,000 in 4.55% Fixed Rate Callable Eligible Liabilities Senior Notes due March 13, 2031. The notes pay interest annually, are callable semi‑annually beginning March 13, 2027 at 100% (subject to regulatory approval), and settle on March 13, 2026.
The notes are unsecured, senior non‑preferred obligations issued in minimum denominations of $150,000, governed by New York law with ranking provisions under German law. The offering includes prominent Resolution Measure risks: competent authorities may write down or convert the notes if Deutsche Bank is deemed non‑viable, which could result in partial or total loss of principal and interest.
Deutsche Bank AG is offering $2,000,000 of 4.25% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2030 at an Issue Price of 100.00% ($1,000 per note). Interest is paid annually on March 13, commencing March 13, 2027. The notes are callable in whole (not in part) on semi‑annual March and September Optional Redemption Dates beginning March 13, 2027 at 100% of principal, subject to regulatory approval and five business days’ notice. Trade, settlement and issuance mechanics: Trade Date March 11, 2026, Settlement Date March 13, 2026, DTC book‑entry form, no listing. Price to public per note is $1,000.00; DBSI discounts/commissions total $11,000.00, with proceeds to the issuer of $1,989,000.00. The notes are unsecured, unsubordinated senior debt and are subject to European and German Resolution Measure rules, including potential write‑down or conversion into equity if the competent resolution authority imposes a Resolution Measure.
Deutsche Bank is offering $1,000,000 of 4.20% Fixed Rate Callable Eligible Liabilities Senior Notes due March 13, 2029 at an Issue Price of 100.00%. Interest is 4.20% per annum, paid annually on each March 13 beginning March 13, 2027. The notes are callable in whole (not in part) on semi-annual Optional Redemption Dates at 100% of principal, subject to regulatory approval and at least five business days’ notice. The offering price per note is $1,000.00, with proceeds to the issuer of $995,000.00 in the aggregate. The notes are unsecured, senior non-preferred obligations under German law, intended to qualify as eligible liabilities under the CRR, and carry explicit Resolution Measure / bail-in provisions that may write down or convert the notes if a competent resolution authority acts. The notes will not be listed and will be issued in global book-entry form through DTC.
Deutsche Bank AG is offering $1,000,000 of 5.25% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2038. The notes pay interest annually at 5.25% per annum, are issued at par, have a $1,000 principal denomination and may be redeemed in whole at 100% on semi‑annual Optional Redemption Dates subject to regulatory approval.
Holders consent to the application of European Resolution Measures described herein, including possible write‑down or conversion to equity if Deutsche Bank is deemed non‑viable; such measures can extinguish some or all payments. The notes are unsecured, rank pari passu with other unsecured unsubordinated obligations, will not be listed, and are governed by New York law with ranking provisions under German law.
Deutsche Bank offers $1,567,000 5.00% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2036. The notes pay interest at 5.00% annually beginning March 13, 2027, settle on March 13, 2026, and are callable on semi-annual Optional Redemption Dates at 100% of principal, subject to regulatory approval.
The notes are unsecured, rank pari passu with other unsecured and unsubordinated obligations, are offered in minimum denominations of $1,000, and include Resolution Measure provisions permitting write-down or conversion if a competent resolution authority determines the issuer is non-viable. Proceeds will be used for general corporate purposes.
Deutsche Bank AG offers $1,000 principal fixed-rate Eligible Liabilities Senior Notes due March 31, 2036 at an Issue Price of 100.00% carrying a 5.50% fixed annual interest rate, with interest paid annually and optional redemptions semi‑annually beginning March 31, 2027.
The notes are unsecured, senior non‑preferred obligations under German law and may be subject to Resolution Measures (including write‑down or conversion) under EU and German resolution regimes; holders may lose some or all of their investment if such measures or insolvency proceedings occur.
Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due March 30, 2051. The notes carry an Interest Rate of 5.50% per annum, an Issue Price of 100.00% and a $1,000 Principal Amount per note. Interest is payable annually on March 30, commencing March 30, 2027. The issuer may redeem the notes in whole on specified semi-annual Optional Redemption Dates beginning March 30, 2031 at 100% of principal, subject to regulatory approval. Trade date is on or about March 27, 2026 with settlement on or about March 30, 2026. The notes are unsecured, unsubordinated senior debt and are not listed.
Deutsche Bank AG is offering 5.00% Fixed Rate Callable Senior Debt Funding Notes due March 31, 2034. The notes have a Principal Amount of $1,000 per note, an Issue Price of 100.00%, and pay interest at 5.00% annually beginning March 31, 2027. Settlement is expected on or about March 31, 2026 and the trade date is on or about March 27, 2026.
The issuer may redeem the notes in whole, but not in part, on semi-annual Optional Redemption Dates beginning March 31, 2028 at 100% of principal plus accrued interest, subject to regulatory approval. Net proceeds are for general corporate purposes. The notes are unsecured, rank pari passu with other unsecured and unsubordinated obligations, and are not listed.
Material investor risk: the notes are subject to European and German resolution regimes; competent resolution authorities may write down or convert the notes, which could cause holders to lose some or all of their investment.
Deutsche Bank AG offers a $1,000 principal fixed-rate eligible liabilities senior note due March 31, 2031. The notes pay interest at 4.75% annually, have an Issue Price of $1,000.00 (100.00%), and are callable at 100% on semi-annual Optional Redemption Dates subject to regulatory approval.
The notes are senior non-preferred obligations under German law and may be subject to statutory Resolution Measures, including write-down or conversion into equity, which could cause holders to lose some or all of their investment.
Deutsche Bank AG is offering 5.15% Fixed Rate Callable Senior Debt Funding Notes due March 31, 2036 with an Issue Price of 100.00% and interest payable annually on March 31, commencing March 31, 2027.
The notes are callable in whole (not in part) on semi-annual Optional Redemption Dates beginning March 31, 2030 at 100% of principal subject to regulatory approval. Price to public is $1,000 per note, underwriter discounts and commissions are $40 per note, and proceeds to the issuer are $960 per note. Settlement is expected on or about March 31, 2026. The notes are unsecured, unsubordinated senior obligations, not listed, and may be subject to statutory Resolution Measures (including write-down or conversion) under applicable EU/German resolution regimes.
Deutsche Bank AG is offering 4.60% Fixed Rate Callable Senior Debt Funding Notes due March 31, 2031 at an Issue Price of $1,000 per note (100%) in minimum denominations of $1,000. Interest is paid annually, commencing March 31, 2027.
The notes are callable in whole at 100% on semi-annual Optional Redemption Dates beginning March 31, 2027, subject to regulatory approval. Proceeds are for general corporate purposes. The notes are unsecured, not listed, and are not FDIC insured. Holders consent to applicable Resolution Measures (including write-down or conversion) under relevant EU/German resolution regimes, which may result in loss of principal or interest.
Deutsche Bank AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index, with an approximate 10-year term and quarterly observation dates. The Trade Date is March 13, 2026, Settlement Date is March 18, 2026, and Maturity Date is March 18, 2036.
The Notes have a Face Amount of $10 per Note and a minimum investment of $1,000. The Contingent Coupon Rate will be set on the Trade Date at between 7.85% and 8.45% per annum. Each Underlying’s Coupon Barrier and Downside Threshold equal 75% of its Initial Underlying Value. If not called early and an Underlying’s Final Underlying Value is below its Downside Threshold, repayment at maturity will be reduced based on the negative return of the Least Performing Underlying. The Issuer’s estimated value on the Trade Date is approximately $9.115 to $9.700 per $10 Face Amount; the Issue Price is 100% and the cover shows discounts/commissions of $0.35, producing proceeds of $9.65 per Note.
Payments are unsecured and subject to the credit of Deutsche Bank AG, and holders are deemed to consent to possible Resolution Measures (including write-down or conversion) under applicable German and European laws.
Deutsche Bank AG is offering 5.70% Fixed Rate Callable Senior Debt Funding Notes due March 31, 2046 at an Issue Price of $1,000 (100%) per note, with annual interest payments and issuer optional redemptions at 100% on semi‑annual redemption dates beginning March 31, 2028. The offering shows a Price to Public of $1,000, underwriting discounts and commissions of $50 per $1,000 note, and proceeds to the issuer of $950 per $1,000 note. The notes are unsecured, rank pari passu with other unsecured unsubordinated obligations, are not listed, and include Resolution Measure provisions that permit write‑down or conversion into equity if a competent resolution authority applies such measures.
Deutsche Bank AG is offering fixed-rate callable Senior Debt Funding Notes. The notes have a 5.25% per annum interest rate, are issued at 100.00% of principal with a $1,000 principal amount per note, and mature on March 31, 2036. Interest is payable annually each March 31 based on an unadjusted 30/360 convention.
The issuer may redeem the notes in whole (but not in part) on semi-annual Optional Redemption Dates beginning March 31, 2027 at 100% of principal plus accrued interest, subject to regulatory approval and at least five business days’ prior notice. The notes rank as unsecured unsubordinated obligations and may be subject to Resolution Measures under applicable EU/German resolution regimes, including write-down or conversion, which could cause holders to lose some or all of their investment.
Deutsche Bank AG is offering 5.35% Fixed Rate Callable Senior Debt Funding Notes due March 31, 2038. The notes have an Issue Price of $1,000.00 per note and pay interest at 5.35% annually, with interest payments each March 31 commencing March 31, 2027.
The notes are callable at 100% of principal on semi-annual Optional Redemption Dates beginning March 31, 2028, are unsecured unsubordinated obligations, issued in minimum denominations of $1,000, and will be issued in book-entry form through DTC.
Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due March 18, 2056 with an Issue Price of $1,000.00 per note (minimum denomination $1,000). Interest is paid annually based on an unadjusted 30/360 day count convention, commencing March 18, 2027.
The issuer may redeem the notes in whole, at 100% of principal plus accrued interest, on semi-annual Optional Redemption Dates beginning September 18, 2030, subject to at least five business days' notice and regulatory approval. Proceeds are for general corporate purposes.
The notes are unsecured, unsubordinated obligations and are subject to European and German resolution regimes: competent authorities may write down or convert the notes under applicable Resolution Measures, which could result in a partial or total loss of principal or interest.
Deutsche Bank AG is offering 4.25% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2030. The notes have an Issue Price of $1,000.00 per note, pay interest at 4.25% annually, and are issued in minimum denominations of $1,000. Settlement is expected on or about March 13, 2026 following a trade date of on or about March 11, 2026.
The issuer may redeem the notes in whole (not in part) on semi‑annual Optional Redemption Dates at 100% of principal plus accrued interest, subject to regulatory approval and with at least five business days’ notice. Holders are subject to applicable Resolution Measures (including write‑down or conversion powers) under relevant EU/German resolution regimes.
Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the Nikkei 225 Index with a $10 face amount per security, a Call Return of 18.00%, Upside Gearing of 1.70 and a maturity date of February 27, 2031. If the Closing Value on the Observation Date (March 4, 2027) is at or above the Autocall Barrier (58,583.12), the securities will be automatically called for a Call Price of $11.80 per security. If not called, positive index performance multiplies returns by the Upside Gearing; if the Final Underlying Value is below the Downside Threshold (43,937.34, 75% of the Initial Underlying Value) at maturity you bear full downside and may lose a significant portion or all of your investment. Payments are unsecured obligations of Deutsche Bank AG and are subject to its credit risk and potential Resolution Measures.
Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the S&P 500® Index with a $10 Face Amount per Security and a term to February 27, 2031. The Securities pay a 8.00% Call Return if automatically called on the Observation Date; the Call Price is $10.80. If not called, positive Underlying Returns are multiplied by an Upside Gearing of 1.51 to determine maturity payoff. The Initial Underlying Value is 6,946.13, the Autocall Barrier is 6,946.13 (100%), and the Downside Threshold is 5,209.60 (75%). Trade Date February 25, 2026, Settlement February 27, 2026, Observation Date March 4, 2027. Minimum investment is $1,000. The issuer’s estimated value on the Trade Date was $9.724 per $10.00 Face Amount; total offered amount is $4,921,560. Payments are unsecured, subject to Deutsche Bank AG credit risk and potential Resolution Measures under German/European law that could write down or convert payments.
Deutsche Bank is offering $1,620,000 of 5.40% Fixed Rate Callable Senior Debt Funding Notes due February 27, 2041.
The notes pay interest annually at 5.40%, are callable semi‑annually at 100% of principal subject to regulatory approval, issued at $1,000 per note and sold at an issue price of $1,000.00 per note. The offering is of unsecured unsubordinated senior debt and is subject to European resolution powers that may write down or convert the notes.
Deutsche Bank AG is offering Senior Debt Funding Notes (Series E) with a 5.20% fixed annual coupon and a $1,000 principal per note, issued at 100.00%. The aggregate principal shown is $2,997,000 with settlement on February 27, 2026 and maturity on February 27, 2036.
Interest is paid annually on February 27 commencing February 27, 2027. The issuer may redeem in whole, at its option, on specified semi-annual Optional Redemption Dates at 100% subject to regulatory approval. The notes are unsecured, unsubordinated obligations and may be subject to Resolution Measures (including write-down or conversion) under applicable EU/German resolution regimes, which could cause loss of principal and interest.
Deutsche Bank is offering $6,767,000 of 4.50% Fixed Rate Callable Senior Debt Funding Notes due February 27, 2031. The notes pay interest annually on the 27th of February, commence on February 27, 2027, and may be redeemed in whole (not in part) on semi-annual optional redemption dates at 100% of principal, subject to regulatory approval.
Notes are issued at an Issue Price of $1,000.00 per note with proceeds to the issuer of $6,752,708.00 after discounts and commissions of $14,292.00. Holders are bound by the issuer’s resolution-measure provisions that permit write-downs, conversions or other resolution actions, which could result in loss of some or all of invested principal or interest.
Deutsche Bank AG is offering $1,491,000 in 5.10% Fixed Rate Callable Senior Debt Funding Notes due February 27, 2036. The notes pay interest annually at 5.10%, are issued at $1,000.00 per note, and are callable by the issuer on semi‑annual Optional Redemption Dates at 100% of Principal Amount, subject to regulatory approval.
The notes are unsecured, unsubordinated obligations ranking pari passu with other unsecured debt and may be subject to Resolution Measures (including write‑down or conversion) under applicable EU/German resolution regimes; holders may lose all or part of their investment if a Resolution Measure is imposed.
Deutsche Bank AG is offering $1,500,000 of 5.65% fixed‑rate callable Senior Debt Funding Notes due February 27, 2051. The notes pay interest annually on February 27, commence February 27, 2027, and are callable semi‑annually at 100% subject to regulatory approval.
The notes are unsecured, unsubordinated senior debt issued in minimum denominations of $1,000, offered at par with underwriting discounts shown on the cover. Holders are subject to European resolution powers including potential write‑down or conversion into equity under applicable resolution laws.
Deutsche Bank is offering $2,000,000 of 5.00% Fixed Rate Callable Senior Debt Funding Notes due February 27, 2034. The notes are issued at 100.00% of principal ($1,000 per note), pay interest annually, and are callable in whole on specified semi‑annual dates beginning February 27, 2027, subject to regulatory approval.
The pricing supplement emphasizes resolution/bail‑in risk: notes may be written down, converted into equity, transferred, amended or cancelled if a competent resolution authority imposes a Resolution Measure. The offering is book‑entry through DTC, not listed, and proceeds will be used for general corporate purposes.
Deutsche Bank AG is offering 5.00% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2036. Each note has a $1,000 Principal Amount, an Issue Price of $1,000.00, and pays interest at 5.00% annually beginning March 13, 2027.
The issuer may redeem the notes in whole (not in part) on semi-annual Optional Redemption Dates commencing March 13, 2030 at 100% of principal, subject to regulatory approval and at least five business days’ prior notice. The notes are unsecured, unsubordinated obligations, governed by New York law with ranking provisions governed by German law; they are not listed.
Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2051 with an Issue Price of $1,000.00 (100.00%) and a Principal Amount per note of $1,000. Interest is 5.50% per annum, paid annually on each March 13 beginning March 13, 2027. The notes are callable in whole on semi-annual Optional Redemption Dates beginning March 13, 2028, at 100% plus accrued interest, subject to regulatory approval. The Trade Date is on or about March 11, 2026 with Settlement on or about March 13, 2026. Payments and ranking are governed by New York law, with ranking provisions under German law; holders are subject to European bank resolution powers (including write-down or conversion) as described under “Resolution Measures.”
Deutsche Bank is offering senior debt funding notes with a 5.30% fixed annual interest rate payable annually and a $1,000 principal per note. The notes mature on March 18, 2041 and are callable in whole, at 100% of principal, semi‑annually beginning March 18, 2028, subject to regulatory approval and at least five business days' notice.
The notes are unsecured, unsubordinated obligations issued in book‑entry form and sold at an issue price of $1,000.00 per note (price to public). The dealer discount is $40.00 per note, yielding proceeds to the issuer of $960.00 per note. Holders are bound by applicable Resolution Measure powers (including write‑down or conversion) under EU/German resolution law and may lose some or all of their investment if such measures are applied.
Deutsche Bank AG is offering senior unsecured callable notes with a 4.80% fixed interest rate, payable annually, maturing on March 13, 2034. The notes are issued at $1,000.00 per note (Issue Price 100.00%) in minimum denominations of $1,000.
Optional redemptions may be made semi‑annually on the 13th of March and September beginning March 13, 2028 at 100% of principal, subject to regulatory approval. Purchasers are bound by applicable Resolution Measure provisions that may permit write‑down or conversion of the notes under applicable resolution law.
Deutsche Bank AG is offering 5.25% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2038 with an Issue Price of $1,000.00 per note (100.00%).
The notes pay interest annually at 5.25%, are callable semi‑annually beginning March 13, 2028 at 100% of principal subject to regulatory approval, and will be issued in minimum denominations of $1,000.
Deutsche Bank AG is offering 4.40% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2031. The notes have a $1,000 Principal Amount per note, an Issue Price of $1,000.00 (per note), and pay interest at 4.40% per annum, payable annually beginning March 13, 2027. The issuer may redeem the notes in whole, at 100% of Principal Amount, on semi‑annual Optional Redemption Dates commencing March 13, 2027, subject to regulatory approval and at least five business days’ notice. The trade and expected settlement dates are on or about March 11, 2026 and March 13, 2026, respectively. The offering is not listed and will be issued in book‑entry form via DTC. The net proceeds per note equal $970.00 after discounts and commissions of $30.00 per note. Holders are bound by applicable European resolution powers (the “Resolution Measure” regime), which may include write‑down or conversion of payments on the notes.
Deutsche Bank AG is offering $1,000-denominated 5.00% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2036. The notes are offered at an Issue Price of $1,000.00 (100.00%) with annual interest payable each March 13 commencing March 13, 2027, and settlement expected on or about March 13, 2026.
The issuer may redeem the notes in whole, but not in part, on semi-annual Optional Redemption Dates at 100% of principal, subject to regulatory approval. Holders are expressly subject to applicable Resolution Measures under EU/German resolution law, including potential write-down or conversion into equity, which could result in loss of principal and interest.
Deutsche Bank AG is offering 5.25% Fixed Rate Callable Eligible Liabilities Senior Notes due March 13, 2036. The notes pay interest at 5.25% per annum, with annual payments each March 13 beginning March 13, 2027. The issuer may redeem the notes in whole (not in part) on semi‑annual Optional Redemption Dates at 100% of principal, subject to regulatory approval and with at least five business days’ notice.
The notes are unsecured senior non‑preferred obligations that will rank junior to certain other unsecured unsubordinated obligations in a German insolvency or under applicable Resolution Measures. Holders are deemed to consent to Resolution Measures, which may include write‑down or conversion of the notes into equity, and could result in loss of some or all invested principal.
Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due March 13, 2046, with an Issue Price of $1,000.00 per note and an annual interest payment each March 13 beginning March 13, 2027. The notes are unsecured, unsubordinated senior debt funding securities issued in minimum denominations of $1,000 and may be redeemed in whole at 100% of principal on semi‑annual optional redemption dates subject to regulatory approval.
The notes are subject to European resolution powers: holders irrevocably consent to possible Resolution Measures, including write‑down or conversion into equity or other instruments, which could cause loss of principal or interest. The offering is not listed and is being distributed by Deutsche Bank Securities Inc., an affiliate, with discounts and commissions reflected in the price to public.
Deutsche Bank AG is offering 4.55% Fixed Rate Callable Eligible Liabilities Senior Notes due March 13, 2031 at an issue price of 100.00% with a $1,000 Principal Amount per note. Interest of 4.55% per annum is payable annually beginning March 13, 2027. Settlement is expected on or about March 13, 2026. The issuer may redeem the notes in whole (but not in part) on semi-annual Optional Redemption Dates at 100% of principal plus accrued interest, subject to regulatory approval. The notes are unsecured, senior non-preferred obligations that may be subject to statutory Resolution Measures (including write-down or conversion) under applicable EU and German resolution regimes; holders could lose some or all of their investment if such measures or insolvency proceedings occur. The notes will be issued in book-entry form through DTC and are not listed.
Deutsche Bank AG priced a preliminary offering of 4.20% Fixed Rate Callable Eligible Liabilities Senior Notes due March 13, 2029 at an Issue Price of 100.00%. Interest is paid annually and the notes are callable on specified semi-annual dates beginning March 13, 2027, at 100% of principal subject to regulatory approval.
The notes are unsecured, senior non-preferred obligations issued in minimum denominations of $150,000 and represented by global notes at DTC. Holders consent to applicable Resolution Measures (including write-down or conversion) under the German Resolution Act/BRRD and SRM framework; in insolvency or resolution the notes rank junior to certain other unsecured unsubordinated obligations.
Deutsche Bank AG is offering $31,437,850 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® and the S&P 500®. The Notes have a $10 Face Amount per Note, trade date February 20, 2026, settlement February 25, 2026 and maturity February 25, 2031. The contingent coupon is set at 8.00% per annum (paid in equal quarterly installments of $0.20 per Note when conditions are met). Each Underlying’s Coupon Barrier and Downside Threshold equal 70% of its initial value. If any Underlying is below its Downside Threshold on the Final Valuation Date, principal repayment at maturity is reduced in proportion to the negative return of the Least Performing Underlying. The Issuer’s estimated value on the Trade Date was $9.63 per $10 Face Amount, which is less than the Issue Price, and holders irrevocably consent to applicable European/German resolution measures.
Deutsche Bank AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index.
The Notes have a Trade Date of February 20, 2026 and a Maturity Date of February 25, 2031, a Face Amount of $10 per Note, and a minimum purchase of $1,000. The Contingent Coupon Rate will be set on the Trade Date in the range of 7.60% to 8.15% per annum, paid quarterly if each Underlying meets its Coupon Barrier. Coupon Barriers and Downside Thresholds are 70% of each Initial Underlying Value. If not called, principal repayment at maturity depends on the Least Performing Underlying and can result in substantial or total loss of principal. Payments are subject to Deutsche Bank AG credit risk and possible Resolution Measures.
Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the Nikkei 225 Index, unsecured senior preferred notes with a Face Amount of $10 per Security and a term of about five years, unless automatically called earlier.
If on the March 4, 2027 Observation Date the index is at or above the Autocall Barrier (100% of the Initial Underlying Value), the notes are automatically called and pay a fixed Call Price of $11.80 per Security, reflecting an 18.00% Call Return, with no further upside participation.
If not called and the index is above its initial level at maturity in February 2031, holders receive $10 plus the positive index return multiplied by Upside Gearing of 1.60 to 1.80. If the index is flat or down but at or above 75% of its initial level, principal is repaid. Below this Downside Threshold, repayment is reduced one-for-one with the negative index return, up to full loss of principal.
The notes pay no interest or dividends, will not be listed on any exchange, and their repayment depends entirely on Deutsche Bank’s credit and potential German and EU “Resolution Measures,” including write-down or conversion to equity. The issuer’s estimated value on the trade date is $9.719 to $9.723 per $10 issue price, reflecting embedded hedging costs, fees and a lower internal funding rate.
Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the S&P 500® Index, issued as unsecured, unsubordinated senior preferred notes with a Face Amount of $10 per Security and no interest or dividend payments.
If on the Observation Date the S&P 500 closing value is at or above the Autocall Barrier, set at 100% of the Initial Underlying Value, the notes are automatically called and pay a Call Price of $10.80 per Security, reflecting an 8.00% Call Return, with no further upside participation.
If not called, and the index shows a positive Underlying Return, investors receive $10 plus that return multiplied by Upside Gearing between 1.45 and 1.65. If the Underlying Return is zero or negative but the Final Underlying Value is at or above a Downside Threshold equal to 75% of the Initial Underlying Value, principal is repaid at $10. Below the Downside Threshold, repayment falls in line with the full negative index move, up to a total loss of principal.
The issuer’s estimated value on the Trade Date is approximately $9.703–$9.709 per $10, below the issue price, reflecting fees and hedging costs. All payments depend on Deutsche Bank’s creditworthiness, and the notes are subject to potential German and EU resolution measures, including write‑down or conversion into equity.
Deutsche Bank AG is issuing $6,214,000 of 5.00% fixed-rate callable Senior Debt Funding Notes due February 13, 2034. The notes pay 5.00% interest per year, calculated on a 30/360 basis and paid annually each February 13, starting in 2027.
Deutsche Bank may redeem the notes at its option at 100% of principal plus accrued interest on February 13 and August 13 each year from 2028 through 2033. The notes are unsecured, unsubordinated obligations, not insured deposits, and will not be listed on any exchange. They are subject to European “Resolution Measures,” meaning a competent authority can write down payments, convert the notes into equity or take other actions without this counting as an event of default, so investors could lose some or all of their investment. The issue price is $1,000 per note, with $10 in selling commissions and $990 in proceeds to Deutsche Bank, for total net proceeds of $6,168,180 used for general corporate purposes.
Deutsche Bank is issuing $2,000,000 of 5.60% fixed-rate callable senior debt funding notes due February 13, 2046. The notes pay 5.60% interest annually starting February 13, 2027 and may be redeemed at 100% of principal on semiannual call dates from February 13, 2028 to August 13, 2045.
The offering price is $1,000 per note, with $27,000 in selling commissions, resulting in net proceeds of $1,973,000 to Deutsche Bank for general corporate purposes. The notes are unsecured, unsubordinated "senior preferred" obligations, not insured by the FDIC and not listed on any exchange.
A key risk is that under European bank resolution rules the notes may be written down or converted into equity through a Resolution Measure if Deutsche Bank is deemed non-viable, without this constituting an event of default, so investors could lose some or all of their investment and have limited acceleration and enforcement rights.
Deutsche Bank AG is offering $1,000,000 of 5.60% Fixed Rate Callable Senior Debt Funding Notes due February 13, 2056. The notes pay 5.60% annual interest on each February 13, starting February 13, 2027, using a 30/360 day count. Deutsche Bank may redeem them at its option at 100% of principal plus accrued interest on each February 13 and August 13 from February 13, 2031 through August 13, 2055, subject to regulatory approval.
The notes are unsecured, unsubordinated “senior preferred” obligations with no listing and limited events of default. Under EU bank resolution rules, a Resolution Measure can write down payments to zero, convert the notes into equity of Deutsche Bank or a group entity, or amend or cancel the notes, without constituting a default, so investors could lose some or all of their investment. The price to the public is $1,000 per note; after $21.50 per note in selling compensation, Deutsche Bank expects net proceeds of $978.50 per note, or $978,500 in total, for general corporate purposes.