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.